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    Ping An Life to raise 5b yuan in rights issue
    


    (Agencies)
    
 Updated: 2008-08-29 14:39
    



 

    

    Ping An Life Insurance Company of China plans to raise five billion yuan ($731.31 million) in a rights issue, largest shareholder Ping An Insurance (Group) Co of China Ltd said.
    


    

    Ping An Insurance, which holds a 99 percent stake in Ping An Life, will take up most of the placement.
    


    

    Shares will be issued at a ratio of one for every 0.76 shares held, Ping An Insurance said in a statement filed with the Shanghai Stock Exchange.
    


    

    Ping An Insurance will pay 4.95 billion yuan for 4.95 billion new shares, it added.
    


    

    (For more biz stories, please visit Industries)
    

    

    

 



 



    


    


 

    

    

    


    

    


 

    


    


 

    


    


 

    


    


    


 

    

    

    
    		

    

    








     
    


     
    



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