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      uu8opm posted an update: 13 years, 6 months ago

      China Pa rabbit vibrators cific Insurance to raise up to US$3.82 bln from HK IPO
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      China Pacific Insurance to raise up to US$3.82 bln from HK IPOPublished: 07 Dec 2009 19:20:25 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 8, 2009 (China Knowledge) – China Pacific Insurance (Group) Co<601601>, the country’s third-largest life insurer by premiums, plans to raise as much as US$3.82 billion from an initial public offering on the Hong Kong Stock Exchange, sources reported. Reportedly, the Shanghai-based life insurer, in which a consortium led by U.S.-based Carlyle Group holds a 17.3% stake, plans to float 861.13 million H shares at HK$26.8 to HK$30.1 apiece, and the company has an option to increase the offering size by 15%. CPIC has introduced six cornerstone investors in its IPO, including Germany-based Allianz SE, Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Regal Real Estate Investment Trust, China National Cereals, Oils & Foodstuffs Corp, Hong Kong’s Dah Sing Banking Group Ltd<2356>, and China Overseas Land & Investment Ltd<0688>. The six investors agreed to subscribe for US$395 million worth of H shares of the life insurer. CPIC is set to list on the bourse on Dec. 23. The proceeds from the offering will be used to replenish its working capital.China International Capital Corp, Credit Suisse Group and Goldman Sachs Group Inc are hired to arrange the sale.Copyright © 2009 http://www.chinaknowledge.com上海翻译公司 Rift gold 深圳装修公司 lithium batteries FX 比較 Waterproof socks 香港花店 深圳写字楼装修

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