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China Life Insurance Co ( (HK:2628) ) has issued an update.
China Life Insurance Company Limited has announced a connected transaction involving a significant capital contribution to an Equity Investment Plan established by China Life Industries. The company plans to invest RMB2,000,000,000, while China Life Industries will contribute RMB10,000,000. This investment is structured under an entrustment contract with CLI, and aims to subscribe to a limited partnership interest in the Partnership. The transaction is categorized as a connected transaction under the Listing Rules, subject to reporting and announcement requirements, but exempt from independent shareholders’ approval.
The most recent analyst rating on (HK:2628) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on China Life Insurance Co stock, see the HK:2628 Stock Forecast page.
More about China Life Insurance Co
China Life Insurance Company Limited is a major player in the insurance industry, offering a wide range of insurance products and services. The company is focused on life insurance and related financial services, and operates primarily within the People’s Republic of China.
Average Trading Volume: 76,790,120
Technical Sentiment Signal: Buy
Current Market Cap: HK$1217B
For an in-depth examination of 2628 stock, go to TipRanks’ Overview page.