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Sunshine Insurance Group Co. Ltd. ( (HK:6963) ) has provided an announcement.
Sunshine Insurance Group Co. Ltd. announced the completion of the industrial and commercial registration of its fund manager, Sunshine Hengyi (Qingdao) Private Equity Fund Management Co., Ltd. The company has entered into a Fund Contract with Sunshine Life and China Merchants Bank for a proposed RMB20 billion investment in the Pilot Fund units. This strategic move aims to enhance Sunshine Insurance’s market positioning in the private securities investment fund management sector, potentially impacting its financial growth and stakeholder interests.
The most recent analyst rating on (HK:6963) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on Sunshine Insurance Group Co. Ltd. stock, see the HK:6963 Stock Forecast page.
More about Sunshine Insurance Group Co. Ltd.
Sunshine Insurance Group Co. Ltd., incorporated in the People’s Republic of China, operates in the insurance industry. Its primary services include life insurance, health insurance, accident insurance, and reinsurance, along with insurance fund applications and securities investment fund sales.
Average Trading Volume: 26,237,586
Technical Sentiment Signal: Buy
Current Market Cap: HK$51.86B
For a thorough assessment of 6963 stock, go to TipRanks’ Stock Analysis page.