Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Ping An Life Continues to Increase Stake in ABC H-Shrs; Holding Exceeds 7%
Recommend 51 Positive 52 Negative 51 |
||||
|
||||
|
Ping An Life Insurance, a subsidiary of PING AN (02318.HK) (601318.SH), increased its stake in ABC (01288.HK) (601288.SH) by purchasing 48.352 million H-shares on March 4 in the open market, involving approximately $227 million, according to the latest disclosure on the Hong Kong Stock Exchange’s website. Following this acquisition, Ping An Life Insurance’s holdings in ABC's H-shares hiked to 2.185 billion shares, accounting for over 7% of the bank’s total H-share capital. Late last month, Ping An Life Insurance had announced that Ping An Asset Management, entrusted with the company’s funds, had invested in ABC’s H-shares, reaching 5% of ABC’s H-share capital, constituting an acquisition of disclosable stakes. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
