The latest announcement is out from China Life Insurance Co ( (HK:2628) ).
China Life Insurance Company Limited has announced the formation of a new partnership involving several entities, including CLP&C, Hebei Linkong Designated Entity, BOC-Samsung Life, and Chongqing Jiangbei Fund, with a total capital contribution of RMB5 billion. This strategic move, with China Life contributing RMB2 billion, aims to strengthen its market position and foster collaborative investment opportunities, although it is classified as a connected transaction under the Hong Kong Listing Rules, exempt from independent shareholders’ approval.
More about China Life Insurance Co
China Life Insurance Company Limited is a leading insurance provider in China, offering a range of life insurance products and services. The company is focused on expanding its market presence and enhancing its financial services offerings.
YTD Price Performance: -1.08%
Average Trading Volume: 9,673
Technical Sentiment Signal: Sell
Current Market Cap: $117.1B
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