Ge Long Hui·2025-09-23 11:07Core Viewpoint - Postal Savings Bank of China (01658.HK) announced the absorption and merger of its wholly-owned subsidiary, China Postal Huinong Bank Co., Ltd, to optimize management and business structure [1] Group 1: Merger Details - The independent legal status of Postal Huinong Bank will be canceled after the merger, with all its business, assets, debts, and rights and obligations inherited by the parent bank [1] - Customer rights and obligations of Postal Huinong Bank will remain unaffected, and existing contracts and agreements will continue to be valid [1] Group 2: Strategic Benefits - The merger aims to further optimize the bank's management and business structure, consolidate digital transformation results, improve operational efficiency, and reduce management costs [1] - As a wholly-owned subsidiary, Postal Huinong Bank's financial statements have already been fully included in the parent bank's consolidated financial statements, meaning the merger will not impact the bank's financial condition or operating results [1] - The merger aligns with the bank's long-term strategic planning [1]