Ping An Insurance Boosts Stake in China Life with Major Share Purchase
Deep News
May 24
According to the latest data from the Hong Kong Stock Exchange, on May 20, Ping An Insurance (Group) Company of China, Ltd. increased its holdings in China Life (02628) by 43.835 million shares. The transaction was executed at a price of HK$29.2486 per share, resulting in a total consideration of approximately HK$1.282 billion. Following this acquisition, Ping An's total shareholding in China Life has risen to about 1.2 billion shares, representing a stake of 16.12%.
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