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GIC Global Industrial Company

34.79
-0.30 (-0.85%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Global Industrial Company NYSE:GIC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -0.85% 34.79 35.50 34.64 35.50 84,871 22:30:00

China Pacific Insurance Gets Green Light for H-Share Private Placement

05/11/2012 12:24am

Dow Jones News


Global Industrial (NYSE:GIC)
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From May 2019 to May 2024

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SHANGHAI--China Pacific Insurance (Group) Co. (2601.HK, 601601.SH, CHPXY) said Monday it has gotten approval from the Chinese securities regulator to raise around 10.4 billion Hong Kong dollars ($1.34 billion) in an H-share private placement first announced in September, according to a statement on the stock exchange.

The placement will be used to increase the capital base of the company and for business development, the company said in September.

The three subscribers to the private placement offering are Singapore's sovereign wealth fund, Government of Singapore Investment Corp.; Norway's central bank, Norges Bank; and Abu Dhabi Investment Authority, the insurer said in a statement on the stock exchange.

Write to Chao Deng at chao.deng@dowjones.com

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