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  1. Menswear firm Li Lang plans US$100m IPO

    Posted Jul 06th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick, Tim Leemaster and Jasmine Wang Li Lang, the first mainland menswear designer to show a collection at Milan Fashion Week, is drawing up plans to raise about US$100 million ... US$400 million. Li Lang is one of the mainland's few home-grown designer menswear companies. Under chief designer Ji Wenbo, its designs made it to the catwalks of Milano Moda Uomo, ...

  2. Ping An seeks 26b yuan in bond issue

    Posted Dec 22nd 2011, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Ping An Insurance (Group) plans to sell as much as 26 billion yuan (HK$31.7 billion) of convertible bonds to provide additional working capital. The six-year ... Huichuan yesterday. Ren said Ping An, the world's second-biggest life insurer by market value, planned to issue the bonds in the third quarter of next year, after it received approval from ...

  3. 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 ...

  4. Ping An Bank to raise 5b yuan in share sale

    Posted Aug 14th 2009, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Shenzhen-based Ping An Bank plans to raise five billion yuan (HK$5.67 billion) through an allotment of shares to shareholders, including 4.5 billion yuan from major stakeholder Ping An Insurance (Group). The support from the mainland's second-largest insurer is aimed at lifting the lender's capital adequacy ratio to the regulator's requirement, ...

  5. Ping An net dives 72pc as costs soar

    Posted Apr 28th 2009, 12:00am by Staff Reporter

    ... Natalie Chiu Ping An Insurance (Group), the mainland's second-largest life insurer, reported an unexpected 72.03 per cent plunge in first-quarter profit yesterday on soaring ... according to a statement filed with the Hong Kong stock exchange. Ping An's commission expenses for its insurance operations rose 41.17 per cent from a year earlier to 5.01 billion yuan while ...

  6. Ping An posts 7.8b yuan loss, China Life net dives

    Posted Oct 28th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Hit by the global financial market meltdown, China Life Insurance, the biggest on the mainland, said third-quarter profit slumped 70 per cent while smaller rival Ping An Insurance (Group) dived into its first loss since listing its shares in 2004. Ping An said it lost 7.8 billion yuan (HK$8.87 billion) in the third quarter, compared with a 3.62 billion yuan profit ...

  7. Property nod to insurers likely to help cash-strapped developers

    Posted Mar 16th 2009, 12:00am by Peggy Sito

    ... insurance companies to invest in the property industry, said Chris Chow, the director of Jones Lang LaSalle's Asia capital markets in Greater China. 'Insurance companies seek stable ... Chow. But he said some insurers such as Ping An Insurance (Group) had already invested in the sector through trusts or asset management subsidiaries. Ping An, through its China Ping An Trust ...

  8. Ping An sees life premiums rise 27.7pc

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

    ... Natalie Chiu Ping An Insurance, the country's second-largest insurer, said premiums collected at its life insurance unit rose 27.67 per cent in the first half to 53.9 billion yuan ... yuan. 'Both China Life and Ping An were market losers in the first half,' said Zhang Xi, an analyst at China Galaxy Securities. 'Unlike smaller insurers, they do not rely too much ...

  9. 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 ...

  10. 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 ...




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