Ping An increases stake in bank
Ping An has said it plans to raise its stake to almost 60% in Ping An Bank for a cost of 14.8bn yuan ($2.4bn).
Ping An Insurance will acquire up to 1.32bn new shares of Ping An Bank at 11.17 yuan per share, raising its stake in the bank to 59% from 52.4%, the insurer said on Sunday in a filing to the Hong Kong
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