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Ping An Insurance Company of China ( (HK:2318) ) just unveiled an update.
Ping An Insurance Company of China has announced the completion of its plan to cancel 102,592,612 repurchased A shares, resulting in a reduction of its registered capital. This strategic move, approved by the board and shareholders, aligns with the company’s ongoing efforts to optimize its capital structure. The cancellation, expected to be finalized by September 3, 2025, will decrease the company’s total share capital, potentially impacting shareholder value and market perception.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$71.00 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
More about Ping An Insurance Company of China
Ping An Insurance Company of China is a leading player in the insurance industry, offering a range of financial services including life and health insurance, property and casualty insurance, and banking services. The company is focused on leveraging technology to enhance its service offerings and maintain a strong market position.
Average Trading Volume: 55,364,523
Technical Sentiment Signal: Buy
Current Market Cap: HK$1119.1B
Find detailed analytics on 2318 stock on TipRanks’ Stock Analysis page.