PICC P&C draws strong demand for H-share rights issue
Sources say the $290 million offering is multiple times covered including excess applications, helped by a generous discount to the latest market price.
June 18, 2013
PICC Property & Casualty, the non-life insurance arm of Chinese insurance giant PICC Group, is planning to raise $935 million from a fully underwritten rights issue of A- and H-shares, according to an announcement to the Hong Kong stock exchange late Monday.
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