PICC Property & Casualty Co (HK:2328) has released an update.
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PICC Property & Casualty Co has entered a Reinsurance Framework Agreement with PICC Reinsurance, allowing both parties to cede insurance premiums to each other in exchange for commissions. This agreement, effective from January 1, 2025, to December 31, 2025, aims to continue their existing business cooperation. The transactions are subject to reporting and annual review requirements but are exempt from independent shareholders’ approval.
For further insights into HK:2328 stock, check out TipRanks’ Stock Analysis page.