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Ping An Healthcare and Technology Company ( (HK:1833) ) has issued an update.
Ping An Healthcare and Technology Company Limited announced that its subsidiary, Glorious Delight Limited, has entered into a discretionary account management agreement with China Life Franklin Asset Management Co., Ltd. This agreement, effective from August 19, 2025, appoints China Life Franklin as the discretionary investment manager for a total principal amount of up to USD 55 million over three years. The transaction aims to enhance the company’s return on capital and optimize the use of its surplus cash reserves. The agreement allows China Life Franklin to manage the investment portfolio with the objective of maximizing total returns, focusing on bonds, commercial paper, certificates of deposits, cash, cash equivalents, or money market instruments.
The most recent analyst rating on (HK:1833) stock is a Hold with a HK$12.00 price target. To see the full list of analyst forecasts on Ping An Healthcare and Technology Company stock, see the HK:1833 Stock Forecast page.
More about Ping An Healthcare and Technology Company
Ping An Healthcare and Technology Company Limited operates in the healthcare technology industry, focusing on providing innovative healthcare services and solutions. The company leverages technology to enhance healthcare delivery and improve patient outcomes.
Average Trading Volume: 15,606,306
Technical Sentiment Signal: Buy
Current Market Cap: HK$33.68B
See more insights into 1833 stock on TipRanks’ Stock Analysis page.