Latest data from the Hong Kong Stock Exchange reveals that on December 11, a shareholder of CHINA RE (01508) transferred shares worth HK$360 million, representing 3.37% of the company's holdings, from Valuable Capital Securities to CLSA.
Separately, CHINA RE (01508) announced that its subsidiary, China Property & Casualty Reinsurance Company (中再产险), has completed the redemption of its RMB 4 billion 10-year capital replenishment bonds issued in the national interbank bond market. As stipulated in the bond prospectus, the subsidiary held a conditional redemption right at the end of the fifth year. Following approval from the People's Bank of China and the National Financial Regulatory Administration, the subsidiary has exercised this right and fully redeemed the bonds.