Postal Savings Bank of China (HKG:1658, SHA:601658) plans to raise approximately 130 billion yuan through a share placement to supplement its core Tier 1 capital, according to a Shanghai bourse disclosure on Saturday.

The lender will issue 20,933,977,454 shares for 6.21 yuan apiece.

China's Ministry of Finance will subscribe for 117.6 billion yuan worth of shares, China Mobile (HKG:0941, SHA:600941) for 7.85 billion yuan, and China State Shipbuilding Corporation, or CSSC, for 4.57 billion yuan worth of shares.

Upon completion of this issuance, the bank's shareholding structure will change but not its controlling shareholder, the disclosure said.