Ping An Insurance Company of China (HK:2318) has released an update.
Ping An Insurance (Group) Company of China, Ltd. has announced the board-approved proposal to cancel 102,592,612 A shares repurchased over the last year, a move reflecting confidence in the company’s sustainable development and aimed at protecting investor interests. The cancellation will lead to a decrease in both registered capital and share capital, pending approvals from the board, company general meeting, and National Financial Regulatory Administration.
For further insights into HK:2318 stock, check out TipRanks’ Stock Analysis page.
