Ping An Insurance Company of China ( (HK:2318) ) has issued an update.
Ping An Insurance Company of China has announced the cancellation of 102,592,612 repurchased A shares, resulting in a reduction of its registered capital from RMB18,210,234,607 to RMB18,107,641,995. This move, approved by the board of directors, aims to reward investors and involves amendments to the company’s articles of association to reflect the updated share capital structure. The changes are pending approval from the company’s annual general meeting and shareholders’ class meetings.
More about Ping An Insurance Company of China
Ping An Insurance Company of China is a major player in the insurance industry, offering a range of financial services including insurance, banking, and asset management. The company primarily focuses on the Chinese market and is known for its comprehensive financial solutions.
YTD Price Performance: 25.71%
Average Trading Volume: 37,483
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $128.4B
For detailed information about 2318 stock, go to TipRanks’ Stock Analysis page.