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PICC Property & Casualty Co’s President Under Investigation, Operations Unaffected

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PICC Property & Casualty Co’s President Under Investigation, Operations Unaffected

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The latest announcement is out from PICC Property & Casualty Co ( (HK:2328) ).

PICC Property & Casualty Co announced that its executive director, Vice Chairperson, and President, Yu Ze, is under disciplinary review and investigation by the Central Commission for Discipline and State Supervisory Committee for suspected serious breaches of discipline and law. Despite this, the company assures that its operations and board functions continue to proceed normally, indicating stability in its governance and operational activities.

The most recent analyst rating on (HK:2328) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

More about PICC Property & Casualty Co

PICC Property & Casualty Co is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry. The company primarily offers property and casualty insurance products and services, focusing on the Chinese market.

YTD Price Performance: 47.69%

Average Trading Volume: 24,886,473

Technical Sentiment Signal: Buy

Current Market Cap: HK$387.7B

See more insights into 2328 stock on TipRanks’ Stock Analysis page.

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