New data from the Hong Kong Stock Exchange reveals a significant share acquisition.
On May 28th, Ping An Insurance (Group) Company of China purchased an additional 23.163 million shares of China Life Insurance.
The transaction was executed at an average price of approximately HK$28.37 per share.
The total consideration for this block of shares amounted to roughly HK$657 million.
Following this purchase, Ping An's total holding in China Life has increased to about 1.269 billion shares.
This revised stake now represents a 17.05% ownership proportion in the company.
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