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The latest update is out from China Taiping Insurance Holdings Co ( (HK:0966) ).
China Taiping Insurance Holdings Co, through its non-wholly owned subsidiary TPL, has entered into agreements to transfer its minority equity interests in four subject companies, including CRCCI and CRCC Kunlun, to CRCC for a total cash consideration of RMB6.50 billion. This transaction marks a strategic move for TPL, as it divests its stakes in these companies, potentially impacting its investment portfolio and financial strategy. The agreements ensure that all profits and losses incurred by the subject companies between the signing and closing dates will be managed by CRCC, indicating a clear transfer of operational responsibilities.
The most recent analyst rating on (HK:0966) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on China Taiping Insurance Holdings Co stock, see the HK:0966 Stock Forecast page.
More about China Taiping Insurance Holdings Co
Average Trading Volume: 13,823,587
Technical Sentiment Signal: Buy
Current Market Cap: HK$63.97B
For detailed information about 0966 stock, go to TipRanks’ Stock Analysis page.