News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
PRU Reportedly Weighs Sale of Minority Stake in Eastspring
PRU (02378.HK) (PUK.US) weighs options such as selling a minority stake in its asset management company Eastspring to help expand the group's business, Bloomberg reported.PRU i...
Reset
Send
The window will close in 5 seconds
PRU Reportedly Weighs Sale of Minority Stake in Eastspring
Close
Recommend
6
Positive
4
Negative
10
 
SHORT SELL
 
STOCK INFO

PRU (02378.HK)  +1.250 (+1.599%)    Short selling $1.12M; Ratio 3.845%   (PUK.US)      weighs options such as selling a minority stake in its asset management company Eastspring to help expand the group's business, Bloomberg reported.

PRU is working with a financial adviser to review Eastspring, and that a potential equity sale could value the company at about US$3 billion, report quoted people familiar with the matter as saying.

Related NewsPRU 2024 NP Up ~34% to USD2.285B; 2nd Interim DPS at USD16.29 Cents
In addition, one of PRU’s options also includes selling a 30% stake in Eastspring and establishing a partnership to help the group diversify in areas such as private credit and USD denominated assets.

People familiar with the matter added that PRU has begun identifying potential buyers, including other investment companies.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-03-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.