Summary by Moomoo AI
China Postal Savings Bank Co., Ltd. ("Postal Savings Bank") announced on November 11, 2024 that the trust beneficiary rights and asset management plan income rights transfer between them and China Post Capital has been recorded by the Ministry of Finance, with an adjustment made to the total consideration of the transfer. The trade involves Postal Savings Bank transferring multiple trust beneficiary rights and asset management plan income rights to China Post Capital. According to the assessment by an independent valuer, the initial total consideration of the transfer was RMB 51,576.2095 million. After being recorded by the Ministry of Finance, the final total consideration was adjusted to RMB 51,422.8778 million. This adjustment will not affect the classification of the transaction under the listing rules in Hong Kong. All other terms and conditions of the transfer agreement remain unchanged, and the agreement has taken effect. Postal Savings Bank will complete the delivery with China Post Capital based on the adjusted total consideration.
