Core Viewpoint - Postal Savings Bank of China (PSBC) announced the absorption and merger of its wholly-owned subsidiary, Postal Savings Bank Huinong Co., Ltd., to optimize management and business structure [1] Group 1: Merger Details - The merger will result in the cancellation of the independent legal status of Postal Savings Bank Huinong, with all its business, assets, debts, and rights being inherited by PSBC [1] - Customers of Postal Savings Bank Huinong will not be affected, and all legally signed contracts and agreements will remain valid [1] Group 2: Approval Process - The merger has been approved by PSBC's board during its ninth meeting of 2025 and will be submitted for shareholder meeting approval, followed by approval from the National Financial Regulatory Administration [1] - The merger does not constitute a related party transaction under the rules of the Shanghai Stock Exchange and Hong Kong Stock Exchange, nor does it qualify as a major asset restructuring under the regulations [1] Group 3: Financial Impact - PSBC stated that the financial statements of Postal Savings Bank Huinong have already been fully consolidated into PSBC's financial reports, indicating that the merger will not have a substantial impact on PSBC's financial condition or operating results [1] - The merger is not expected to harm the interests of PSBC or its shareholders [1]
邮储银行拟吸收合并子公司邮惠万家银行