China Life said it will buy about 2 billion shares of China Guangfa Bank at about 8.81 yuan each. Photo: K. Y. Cheng China Life said it will buy about 2 billion shares of China Guangfa Bank at about 8.81 yuan each. Photo: K. Y. Cheng
China Life said it will buy about 2 billion shares of China Guangfa Bank at about 8.81 yuan each. Photo: K. Y. Cheng

China Life Insurance to buy US$2.7 billion of shares in affiliate Guangfa Bank

  • China Life Insurance says it plans to buy US$2.7 billion worth of shares in affiliate Guangfa Bank to upkeep with its 43.7 per cent stake
  • The deal will deepen the strategic collaboration between the two and will ‘enhance the company’s overall competitiveness’, China Life said in an announcement

Topic |   China Life Insurance
China Life said it will buy about 2 billion shares of China Guangfa Bank at about 8.81 yuan each. Photo: K. Y. Cheng China Life said it will buy about 2 billion shares of China Guangfa Bank at about 8.81 yuan each. Photo: K. Y. Cheng
China Life said it will buy about 2 billion shares of China Guangfa Bank at about 8.81 yuan each. Photo: K. Y. Cheng
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