Postal Savings Bank said it had not been the actual reduction by the HNA borrowe

Regarding the reduction of HNA's holdings of more than 900 million H shares by China Postal Savings Bank (1658.HK), China Securities Network quoted the Bank on Friday responding that it has already communicated with the relevant departments of HNA, and HNA confirms that HNA borrowed Shares in the form of institutional investors to finance, does not constitute a real reduction in behavior.

According to the disclosure of information on the website of the Hong Kong Stock Exchange, the nature of H-shares exceeding 900 million H shares is changed by lending shares under the securities lending agreement.

 
Information disclosure of shareholdings of the Hong Kong Stock Exchange revealed that the shareholder of Hainan Airlines, a shareholder of HNA Group, a wholly-owned subsidiary of China, reduced its holdings of 919 million H shares of Post Bank on the off-balance-price basis at an average price of HK $ 3.08 per share, The closing price of 4.25 Hong Kong dollars a discount of 27.5%.

With the IPO price of HK $ 4.76 at the time, Postal Saving Bank went public on September 28, 2016 and raised HK $ 57.63 billion at the time. HNA Capital Group was then the third largest cornerstone investor in H shares IPO of the Bank.