Ping An Life Increases Stake in Agricultural Bank of China with HK$264 Million Purchase

Stock News
05/22

According to the latest data from the Hong Kong Stock Exchange, Ping An Life Insurance Company of China, Ltd. acquired an additional 43.446 million shares of Agricultural Bank of China (01288) on May 19. The transaction was executed at an average price of HK$6.0843 per share, amounting to a total consideration of approximately HK$264 million. Following this purchase, Ping An Life's total holdings in ABC have reached approximately 7.082 billion shares, representing a 23.04% stake in the bank.

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