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China Taiping Insurance Holdings Co ( (HK:0966) ) has provided an announcement.
China Taiping Insurance Holdings Company Limited announced the completion of the issuance of undated capital bonds by its subsidiary, Taiping Life Insurance Company Limited, amounting to RMB20 billion. The proceeds will be used to replenish core tier 2 capital, enhancing TPL’s solvency and supporting its sustainable and steady development.
More about China Taiping Insurance Holdings Co
China Taiping Insurance Holdings Company Limited operates in the insurance industry, providing a range of insurance products and services. The company focuses on life insurance through its subsidiary, Taiping Life Insurance Company Limited, and aims to strengthen its market position and ensure sustainable growth.
YTD Price Performance: -1.32%
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.11B
See more data about 0966 stock on TipRanks’ Stock Analysis page.