Nov 30 - PICC Plans 5 Billion Yuan 10:1 Rights Offering

Source: ChinaScope Financial (Data), Caijing.com.cn

+   PICC Property and Casualty Co., Ltd. (HKEX: 2328) plans a 5 billion 10:1 rights offering. With an H-share issue price of HKD5.5, it will raise a total of 5 billion yuan.

+   On June 30, 2011, PICC’s solvency adequacy ratio was 159%.

+   Related Data: Solvency Ratio

+   Related Companies: Ping An Insurance (Group) (SSE:601318), PICC Property and Casualty (HKEX:2328), China Life Insurance (SSE:601628)

Insurance companies improve their solvency by share issuing.

Trading Comparable

For more data about other insurance companies, please visit www.chinascopefinancial.com

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