Ping An Insurance Company of China (HK:2318) has released an update.
Ping An Insurance (Group) Company of China, Ltd. completed a share purchase under its 2024 Long-term Service Plan, acquiring 106.9 million H shares at an average price of HKD 35.85 per share, funded by remuneration slated for employees. This strategic move involved 75,175 key talents, with the shareholding post-purchase featuring a 2.74% stake held by directors and senior management, and a notable 97.26% by other employees. The shares will be vested upon participants’ retirement, subject to tax confirmations.
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