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An announcement from China Pacific Insurance (Group) Co ( (HK:2601) ) is now available.
China Pacific Insurance (Group) Co., Ltd. has announced a proposed issuance of HKD-denominated convertible bonds aimed at professional investors outside the United States, in accordance with Regulation S under the Securities Act. The proceeds from this issuance are intended to support the development of the company’s insurance business, strategic initiatives in health services and elderly care, AI+, internationalization, and general corporate purposes. The issuance is subject to market conditions and no definitive agreement has been reached yet, urging potential investors and shareholders to exercise caution.
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 with limited liability. It operates in the insurance industry, offering a range of insurance products and services. The company is listed on the Shanghai Stock Exchange, the Hong Kong Stock Exchange, and has global depository receipts listed on the London Stock Exchange.
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.