Ping An Insurance Company of China (HK:2318) has released an update.
Ping An Insurance (Group) Company of China, Ltd. has announced plans to issue U.S. dollar-denominated convertible bonds exclusively to professional investors outside the United States. The proposed issuance aims to support the company’s core business and strategic initiatives in healthcare and elderly care, while also enhancing its capital position. No final agreement has been reached, and potential investors are advised to exercise caution; further details are pending the signing of a subscription agreement.
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