Ping An Life Insurance Increases Stake in China Life with HK$904 Million Purchase

Stock News05-04

On April 28, Ping An Life Insurance Company of China, Ltd. purchased 34.412 million shares of China Life Insurance Company Limited (02628) at an average price of HK$26.2662 per share. The total transaction value amounted to approximately HK$904 million. Following this acquisition, Ping An Life's total holdings in China Life reached approximately 917 million shares, representing a 12.31% stake.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment