Insurance Post

China Pacific Insurance gets nod for private share placement

Pile of multi-coloured 100-share stock certificates

China Pacific Insurance has received approval from the Chinese securities regulator to raise HK$10.4bn ($1.34bn) in an H-share private placement, according to a statement on the stock exchange.

The firm said in a statement that the placement will be used for business development and to increase the company's capital base.

 

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