Ping An Insurance Reduces Stake in China Telecom by 9.376 Million Shares at HK$4.78 Per Share

Deep News

06/21

Latest data from the Hong Kong Stock Exchange reveals that on June 16th, Ping An Insurance (Group) Company of China Ltd. sold 9.376 million shares of China Telecom (00728).

The transaction was executed at an average price of approximately HK$4.7847 per share, resulting in a total consideration of about HK$44.86 million.

Following this disposal, Ping An Insurance's remaining shareholding stands at approximately 685 million shares, representing a stake of 4.93%.

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