PICC P&C plans $290 million H-share rights issue
A simultaneous A-share rights offering will be bought by controlling shareholder PICC Group, bringing the total capital raising to $935 million.
May 21, 2013
PICC Property & Casualty, the non-life insurance arm of Chinese insurance giant PICC Group, has received strong demand for the H-share portion of its renounceable rights issue, which closed yesterday.
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