Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from China Pacific Insurance (Group) Co ( (HK:2601) ) is now available.
China Pacific Insurance (Group) Co., Ltd. announced the proposed issuance of HK$15.556 billion zero coupon convertible bonds due 2030 under a general mandate. The proceeds from this issuance are intended to support the company’s insurance business development, strategic initiatives in health services and AI, and general corporate purposes. The bonds are convertible into H Shares, with the initial conversion price set at HK$39.04 per share, representing a significant potential increase in share capital. The issuance is subject to certain conditions and regulatory approvals, and the company advises caution to shareholders and potential investors regarding the completion of this transaction.
The most recent analyst rating on (HK:2601) stock is a Buy with a HK$40.50 price target. To see the full list of analyst forecasts on China Pacific Insurance (Group) Co stock, see the HK:2601 Stock Forecast page.
More about China Pacific Insurance (Group) Co
China Pacific Insurance (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry. The company focuses on providing a range of insurance services, including life insurance, property insurance, and health insurance, with a strategic emphasis on expanding its health services, elderly care, and internationalization efforts.
Average Trading Volume: 21,492,648
Technical Sentiment Signal: Buy
Current Market Cap: HK$368.9B
For a thorough assessment of 2601 stock, go to TipRanks’ Stock Analysis page.