tiprankstipranks
Trending News
More News >

New China Life Insurance Proposes Significant Investment in Fund III

Story Highlights
New China Life Insurance Proposes Significant Investment in Fund III

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1