Ping An signs share deal
By Zhang Fengming |
March 15, 2011, Tuesday
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Print Edition
Print Edition
PING An Insurance (Group) Co yesterday said it has signed a deal to sell 272 million new H shares through a private placement at HK$71.50 each to raise HK$19.45 billion (US$2.5 billion).
A subsidiary of Chow Tai Fook is the buyer of the new shares. The deal is pending approval from the China Securities Regulatory Commission and China Insurance Regulatory Commission.
A subsidiary of Chow Tai Fook is the buyer of the new shares. The deal is pending approval from the China Securities Regulatory Commission and China Insurance Regulatory Commission.
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