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New China Life Insurance Co., Ltd. Class H ( (HK:1336) ) has shared an announcement.
New China Life Insurance Co., Ltd. has announced a proposed capital contribution of up to RMB15 billion to subscribe for units of Fund III, an equity private securities investment fund managed by Guofeng Xinghua. This move, which follows a previous subscription within the same year, constitutes a discloseable transaction under Hong Kong’s Listing Rules. The fund aims for long-term investment with stable returns, and the company’s participation is part of a strategic investment approach, although it does not result in the fund becoming a subsidiary.
The most recent analyst rating on (HK:1336) stock is a Hold with a HK$26.50 price target. To see the full list of analyst forecasts on New China Life Insurance Co., Ltd. Class H stock, see the HK:1336 Stock Forecast page.
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 within the insurance industry. The company focuses on providing life insurance services and products, catering to a broad market in China.
Average Trading Volume: 20,685,865
Technical Sentiment Signal: Buy
Current Market Cap: HK$158.4B
For detailed information about 1336 stock, go to TipRanks’ Stock Analysis page.