Ping An Insurance Group Boosts Stake in China Life with HK$1.68 Billion Purchase

Stock News
05/20

According to the latest data from the Hong Kong Stock Exchange, on May 18, Ping An Insurance (Group) Company of China increased its holding in China Life (02628) by 56.75 million shares. The transaction price was approximately HK$29.5956 per share, resulting in a total investment of about HK$1.68 billion. Following this acquisition, Ping An's total shareholding in China Life has reached approximately 1.126 billion shares, representing a stake of 15.13%.

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