PICC Reinsurance Company Limited announced that it has entered into a capital increase agreement to raise CNY 1,999,999,986 in an equity financing on October 13, 2023. The transaction will include participation from returning investors, The People's Insurance Company (Group) of China Limited will invest CNY 1,019,999,992.86 and PICC Property and Casualty Company Limited will invest CNY 979,999,993.14. Upon the completion of the capital increase, the shareholding pattern of The People's Insurance Company (Group) of China Limited and the PICC Property and Casualty Company Limited in company will remain unchanged, representing 51% and 49%.
The People's Insurance Company (Group) of China Limited
Equities
1339
CNE100001MK7
Property & Casualty Insurance
Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
2.73 HKD | +3.41% | +6.23% | +13.75% |
Apr. 15 | PICC Group Logs 253 Billion Yuan in Q1 Premium Income | MT |
Mar. 27 | PICC's 2023 Profit Drops 10%, Operating Income Climbs 4% | MT |
Stocks mentioned in the article
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5d. change
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Capi.
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9.98 HKD | -0.60% | +3.42% | 28.53B | ||
2.73 HKD | +3.41% | +6.23% | 29.2B | ||
EPS Revisions
1st Jan change | Capi. | |
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+13.75% | 29.2B | |
-1.23% | 13.77B | |
+4.82% | 2.51B | |
-13.20% | 1.97B | |
+6.30% | 1.72B | |
-2.02% | 824M | |
0.00% | 78.29M | |
-4.67% | 71.87M | |
-0.94% | 60.47M |
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- News The People's Insurance Company (Group) of China Limited
- PICC Reinsurance Company Limited announced that it expects to receive CNY 1.999999986 billion in funding from The People's Insurance Company of China Limited, PICC Property and Casualty Company Limited