Summary by Futu AI
China Life Insurance Co., Ltd. (referred to as 'China Life') announced on June 26, 2024 that its consolidated financial statements entity, Guo Shou Qi Hang Yi Qi (Tianjin) Equity Investment Fund Partnership Enterprise (Limited Partnership) and Guo Shou Real Estate Investment Management Co., Ltd. plan to sign an equity transfer agreement with Guo Shou Property Investment Management Co., Ltd. before December 31, 2024. The transaction involves transferring 99.99% of the shares of Beijing **** Century Entrepreneurship Investment Management Co., Ltd. from Qi Hang Fund to Guo Shou Real Estate, and Guo Shou Property will transfer its 0.01% stake, and the total transaction price is expected to be no more than RMB 610 million. This related party transaction has been approved by the board of directors and does not...Show More