China Pacific Insurance (Group) Co ( (HK:2601) ) has shared an update.
China Pacific Insurance (Group) Co., Ltd. has entered into a new Framework Agreement with Hwabao Trust, Hwabao Fund, and Hwabao Securities to renew and regulate continuing connected transactions. This agreement, effective from January 1, 2025, to December 31, 2025, with provisions for automatic renewal, involves transactions such as bond sales, securities investment fund dealings, and asset management services. The agreement aims to streamline operations with Hwabao Parties, who are connected persons due to substantial shareholding by Baowu Steel, which controls significant equity interests in these entities. The transactions under this agreement are subject to specific reporting and review requirements but are exempt from independent shareholder approval, indicating a strategic alignment to enhance operational efficiency and maintain compliance with Hong Kong Listing Rules.
More about China Pacific Insurance (Group) Co
China Pacific Insurance (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry. The company offers a range of insurance products and services, focusing on providing comprehensive insurance solutions to its clients.
YTD Price Performance: 21.67%
Average Trading Volume: 320
Technical Sentiment Signal: Strong Sell
Current Market Cap: $36.03B
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