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  1. Ping An stock plummets after rumours of sell-off

    Posted Sep 27th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Ping An Insurance Group stock suffered its worst daily drop in almost three years of Hong Kong trading yesterday after rumours that major ... volume to close at HK$42.50, their lowest level since March 2009. That compares with the Hang Seng Index's overall decline of 1.48 per cent. Ping An's Shanghai-traded stock- protected ...

  2. Ping An jumps after finalising plan to buy into Fortis unit

    Posted Apr 04th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Shares of Ping An Insurance (Group) posted their biggest advance in two months yesterday after the company finalised its plan to buy half of Fortis Group's asset management business. Ping An's shares in Hong Kong jumped 7.41 per cent after dropping by almost a third since the company announced the jumbo refinancing plans in mid-January. Its ...

  3. Ping An eyes?2b acquisition of Fortis unit

    Posted Mar 13th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu and Tim LeeMaster Ping An Insurance (Group) might acquire an investment unit of Fortis for about Euro2 billion (HK$24.02 billion), sources said. Ping An is the mainland's second-biggest insurer while Fortis is Belgium's largest financial services company. If the deal goes ahead, Ping An would buy into Fortis Investments, an asset management company with Euro133 ...

  4. Regulators cast long shadow over Ping An share placement

    Posted Mar 01st 2008, 12:00am by Shirley Yam

    ... with Shirley Yam Reading the fiasco of Ping An Insurance (Group)'s share placement scheme, I can't help but wonder why a proven manager like Ma Mingzhe, who has built the insurance empire from scratch, would get himself into it. With its proposal to raise up to 160 billion yuan (HK$175.36 billion)- the largest placement proposal by a mainland company- Ping An has ...

  5. Ping An wins backing for 120b yuan cash call

    Posted Mar 06th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Ping An Insurance (Group) won support yesterday from an overwhelming majority of shareholders for its controversial stock offering, after the management indicated interest ... of the plan. Ping An executive director and group president Louis Cheung Chi-yan said the company was seeking overseas expansion opportunities. 'We'd like to look for assets in the United ...

  6. Ping An cash call draws fire from party paper

    Posted Feb 05th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Ping An Insurance (Group)'s mega-refinancing plan was dealt a further blow after a mouthpiece of the Communist Party made the rare move of criticising the insurer for treating the stock market as a cash machine. The People's Daily- which closely reflects official opinion- said Ping An's plan to sell 1.2 billion A shares and to issue 41.2 billion yuan ...

  7. Ping An eyes 159b yuan from share, bond sales

    Posted Jan 19th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Ping An Insurance (Group), the mainland second-largest insurer, last night said it would seek to raise at least 159.1 billion yuan through a share placement and a bond offer ... with warrants totalling 41.2 billion yuan to institutional and public investors on the mainland. The conversion price is yet to be decided. Ping An is proposing to list these bonds and warrants ...

  8. Ping An shareholders threaten to vote against 140b yuan cash call

    Posted Jan 24th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Shareholders of Ping An Insurance (Group) are threatening to vote down a proposed 140 billion yuan share sale as the management of the mainland's second-biggest insurer ... to close 9.57 per cent higher at HK$65.25 yesterday. Its A shares climbed 1.16 per cent to 80.47 yuan in Shanghai. Ping An executive director and group president Louis Cheung Chi-yan was in England ...

  9. Ping An faces flak over cash call

    Posted Jan 23rd 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Shares of Ping An Insurance (Group), the mainland's second-largest insurer, fell more than 10 per cent in Hong Kong and Shanghai for the second day as the company's ... was suspended in the early session yesterday. Ping An spokesman Sheng Ruisheng said the company had no intention of scaling back the size of the deal despite the market sell-off yesterday. 'We have ...

  10. Diversified Ping An warns of uncertainty after net jumps 140pc

    Posted Aug 17th 2007, 12:00am by Enoch Yiu

    ... Enoch Yiu Ping An Insurance (Group), the mainland's second-largest insurer, warned of uncertainty down the road after announcing a 140 per cent surge in first-half profit to 9.96 billion yuan on strong growth in investment income and expansion of its banking and investment businesses. Chairman Ma Mingzhe said Ping An's second-half earnings should benefit from ...




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