China Taiping (00966) rose nearly 4%, as of press time, up 3.98%, at HKD 8.89, with a turnover of HKD 21.246 million.
According to the Smart Finance app, China Taiping (00966) rose nearly 4%, as of press time, up 3.98%, at HKD 8.89, with a turnover of HKD 21.246 million.
On the news front, China Taiping announced that its subsidiary Taiping Life Insurance Co., Ltd. ('Taiping Life') plans to repurchase outstanding capital supplementary bonds worth no more than CNY 15 billion, and has received the relevant regulatory authority's reply. The regulatory authority has no objection to Taiping Life's repurchase of capital supplementary bonds issued in 2021 and 2022 in accordance with market principles. This repurchase will further optimize the capital structure of the company and Taiping Life.