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| Name | Symbol | Market | Type |
|---|---|---|---|
| China Pacific Insurance Group Company Ltd (PK) | USOTC:CHPXY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.26 | 9.27 | 10.32 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
HONG KONG--Private equity firm Carlyle Group LP is raising up to US$737 million by selling shares in China Pacific Insurance (Group) Co. (2601.HK), according to a term sheet seen by Dow Jones Newswires on Friday.
Parallel Investors Holdings Ltd. and Carlyle Holdings Mauritius Ltd., two units of Carlyle Group, are selling 220 million China Pacific shares in a HK$25.5-HK$26 per share range, the term sheet said.
The offer price represents 3.3%-5.2% discount to China Pacific's last closing price of HK$26.90 Friday, it said.
Credit Suisse is handling the placement, according to the term sheet.
Write to Prudence Ho and Chester Yung at prudence.ho@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year China Pacific Insurance (PK) Chart |
1 Month China Pacific Insurance (PK) Chart |
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