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The latest update is out from New China Life Insurance Co., Ltd. Class H ( (HK:1336) ).
New China Life Insurance Co., Ltd. has announced a proposed capital contribution of up to RMB10 billion to subscribe to units of a new equity private securities investment fund. This fund, tentatively named Guofeng Xinghua Honghu Zhiyuan Private Securities Investment Fund II, aims to achieve stable dividend returns through long-term investment strategies. The proposed subscription is considered a discloseable transaction under Hong Kong’s Listing Rules, and while it does not require shareholder approval, it is subject to regulatory procedures and carries a degree of uncertainty. The fund’s total size is RMB20 billion, with China Life also contributing an equal amount.
More about New China Life Insurance Co., Ltd. Class H
New China Life Insurance Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry. The company primarily offers life insurance products and services, focusing on providing comprehensive insurance solutions to its clients.
YTD Price Performance: 15.25%
Average Trading Volume: 23,396,055
Technical Sentiment Signal: Sell
Current Market Cap: HK$135.2B
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