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Postal Savings Bank and CR Beer prep jumbo offerings

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By Jonathan Breen
07 Jul 2016

A pair of Chinese firms are preparing potential multi-billion-dollar deals. Postal Savings Bank of China Co is seeking approval for a Hong Kong IPO that could raise up to $8bn, according to sources familiar with the matter, while China Resources Beer (Holdings) Co is aiming to net HK$9.5bn ($1.2bn) from a rights issue in the next few weeks.

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By Jonathan Breen
07 Jul 2016