Summary by Moomoo AI
On June 3, 2024, Postal Savings Bank of China (PSBC) announced that it had signed a trust beneficial rights and asset management plan income right transfer agreement with China Post Capital. The transaction involves the transfer of multiple trust beneficial rights and asset management plan income rights from PSBC to China Post Capital, at a total price of RMB 515,762,095. The transfer will become effective upon meeting conditions such as approval by the shareholders' meeting, decision by the superior unit of China Post Capital, approval by the state-owned asset supervision and administration agency, and filing with the Ministry of Finance. PSBC stated that the proceeds from this asset transfer will be used to serve the real economy, increase credit investment in key...Show More