Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Ping An Life to raise 5b yuan in rights issue
Adjust font size:

Ping An Life Insurance Company of China plans to raise five billion yuan ($731.31 million) in a rights issue, largest shareholder Ping An Insurance (Group) Co of China Ltd said.

Ping An Insurance, which holds a 99 percent stake in Ping An Life, will take up most of the placement.

Shares will be issued at a ratio of one for every 0.76 shares held, Ping An Insurance said in a statement filed with the Shanghai Stock Exchange.

Ping An Insurance will pay 4.95 billion yuan for 4.95 billion new shares, it added.

(Agencies via China Daily August 29, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Ping An sticks with Fortis despite drop in share value
- Ping An Insurance denies tax evasion rumor
- Ping An Insurance Co's schools pledge
Most Viewed >>
- Chinese see dramatic rise in quality of life
- Chinese economy where to go post-Olympics
- China tightens credit control on property projects
- Curbing inflation a priority after Games
- Fiscal revenue rises 30% in first 7 months
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?