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China Life Insurance Co ( (HK:2628) ) has provided an update.
China Life Insurance Company Limited has announced the formation of a partnership involving several key entities, including itself, Shoujing Investment, and Chasing Jixiang as Limited Partners, alongside China Life Properties and Beijing Langjia as General Partners. The total capital contribution for the partnership is set at RMB 5,237,000,000, with China Life contributing the largest portion of RMB 3,500,000,000. This move constitutes a connected transaction under the listing rules, reflecting strategic capital alignment aimed at enhancing the company’s investment management capabilities. The partnership is structured to ensure compliance with regulatory requirements, and its establishment underscores China Life’s strategic efforts to optimize its asset management operations.
More about China Life Insurance Co
China Life Insurance Company Limited is a major player in the insurance industry in China, providing a range of insurance products and services. It is heavily focused on the domestic market in China and has a significant market share, being partly owned by its controlling shareholder, CLIC, which holds a majority stake in the company.
YTD Price Performance: 4.32%
Average Trading Volume: 11,213
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $131.1B
See more data about 2628 stock on TipRanks’ Stock Analysis page.
