PICC Property & Casualty Co (HK:2328) has released an update.
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PICC Property & Casualty Co has renewed its reinsurance framework agreement with PICC HK to continue their business cooperation into 2025. This agreement allows both parties to exchange insurance premiums for commissions, covering various types of reinsurance businesses including property and casualty risks. The arrangement is part of a continuing connected transaction, subject to reporting and annual review requirements but exempt from independent shareholders’ approval.
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