Air Freight and Logistics
Company Overview of China Post Group Corporation
China Post Group Corporation, together with its subsidiaries, provides postal services. Its services include domestic and international mail delivery; circulation of newspapers, journals, and books; production and sale of philatelic collections; and stamp issuing, postal remittance, confidential correspondence communication, postal financial, postal express delivery and logistics, e-business, postal agency, and others. The company also provides online services, such as direct mail design, purchase of targeted mail lists, and direct mail processing and delivery; newspaper and magazine subscriptions; home packages; package bookings; and an online greetings card delivery and self-designed perso...
No.3 Financial Street
Founded in 2006
Key Executives for China Post Group Corporation
Compensation as of Fiscal Year 2015.
China Post Group Corporation Key Developments
PSBC Stake May Reportedly Be Sold Before IPO
Nov 12 15
Stake in China Post Group Corporation’s unit, Postal Savings Bank of China Corporation Limited (PSBC) may be sold. People close to the matter indicated that the potential sale of a 15% stake mainly to foreign investors ahead of a planned up to $20 billion IPO in Hong Kong in 2016 is likely to close soon. They also indicated that the stake is worth $8 billion. People close to the matter, seeking anonymity, said, “You will always find demand for these types of deals. Chinese financials are such an important part of the economy and the stock market.” Citing unnamed sources, Thomson Reuters publication IFR had reported that UBS Group AG (SWX:UBSG); had put up $2 billion for the stake sale and placed some of the shares with buyers including Hong Kong tycoons. Other investors in the group included Temasek Holdings (Private) Limited, JPMorgan Chase & Co. (NYSE:JPM), and The World Bank Group’s International Finance Corporation (IFC), IFR added. According to the news report, UBS, Temasek and JPMorgan, declined to comment while IFC did not immediately respond for comment. It was not immediately possible to contact the relevant PSBC officials, it further added.
China Postal Savings Bank Reportedly Plans To Raise At Least $1 Billion
Jan 26 15
China Postal Savings Bank Co., Ltd. plans to raise at least $1 billion from investors before a planned initial public offering, people with knowledge of the matter said. The lending arm of state-owned China Post Group Corporation aims to sell the stake in 2015, said the people, who asked not to be named as the deliberations are private, reported Taipei Times. Investment banks are pitching for roles on the pre-IPO share sale and the exact size of the deal hasn’t been determined yet, the people said. China Postal Savings Bank plans to seek more than $4 billion selling shares in Hong Kong and Shanghai, people with knowledge of the matter said in June 2014. Its Hong Kong IPO could start as soon as the fourth quarter 2015, with the Shanghai portion to follow later, the people said.
Similar Private Companies By Industry
Recent Private Companies Transactions