• Like
  • Comment
  • Favorite

BREAKINGVIEWS-Ping An’s tech dreams may yet exit intensive care

Reuters01-16

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Chan Ka Sing

HONG KONG, Jan 16 (Reuters Breakingviews) - The $110 bln insurer’s days of spinning off web-based ventures to help boost its value are long over. But a quirky special dividend is giving it back majority control of beaten-down but cash-rich Ping An Healthcare just as the online medical firm’s fortunes look set to improve.

Full view will be published shortly.

CONTEXT NEWS

Ping An Insurance will raise the stake in its medical-tech unit Ping An Healthcare & Technology from 39.41% to 52.74% as a result of special dividend scheme, the insurer said on Jan. 8. The company also said it has no plan to take private the Hong Kong-listed subsidiary.

On Nov. 14, Ping An Healthcare proposed a special dividend of HK$9.7 apiece, whereas shareholders could elect to receive in the form of shares.

(Editing by Antony Currie and Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on CHAN/ KaSing.Chan@thomsonreuters.com))

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.

Report

Comment

empty
No comments yet
errorbox banner

抱歉,当前请求异常(-1)

7x24

  • 13:00

    Valuno Group Announces New Agreement With Paysecure Regarding Previous Contract

  • 12:49

    Waja Co - Signing a Memorandum of Understanding With Restored Cloud

  • 12:49

    Waja Co - Mou for Joint Cooperation on Projects in Local Saudi Market

  • 12:45

    Retal Urban Development - Remal Al Khobar Real Estate Signs Contract With Specialized Construction Co

  • 12:45

    Retal Urban Development - Contract for Implementing Finishing and Mep Works for Retal Rise and Nobu Hotel

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial