China Pacific Insurance (Group)

Business Digest

Shanghai's August container throughput fell 7.1 per cent year on year and 8.3 per cent on the previous month to 2.6 million 20-foot equivalent units (teu), according to Shanghai International Port Group. Cargo throughput dropped 1.5 per cent year on year. Toh Han Shih

China Molybdenum has received approval from the China Securities Regulatory Commission to list up to 542 million A shares on the Shanghai Stock Exchange. Based on the Hong Kong-listed company's closing share price of HK$2.93 on Friday, it could raise the equivalent of HK$1.59 billion from the Shanghai listing. Toh Han Shih

China Pacific Insurance (Group) has entered into an agreement to make a private placement to the sovereign wealth funds of Singapore, Norway and Abu Dhabi of 462 million new shares, for a total stake of 15.61 per cent, at HK$22.50 each, from which the Hong Kong-listed firm will raise gross proceeds of HK$10.4 billion. Toh Han Shih