Ping An Insurance Boosts Stake in China Life with 43.8 Million Share Purchase

Stock News
May 22

According to the latest data from the Hong Kong Stock Exchange, on May 20, Ping An Insurance (Group) Company of China increased its holding in China Life (02628) by 43.835 million shares. The transaction price per share was approximately HK$29.25, resulting in a total investment of about HK$1.282 billion. Following this acquisition, Ping An's total shareholding in China Life has reached around 1.2 billion shares, representing a stake of 16.12%.

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