Ping An Life Insurance raises Agricultural Bank stake for third time.

The latest information disclosed by the Hong Kong Stock Exchange shows that Ping An Life Insurance increased its holdings of 8.29 million shares of Agricultural Bank of China H-shares on August 26, reaching 15% of the bank's H-share capital on that day, triggering a mandatory offer under Hong Kong market rules. Prior to this, Ping An Life Insurance had triggered mandatory offers for Agricultural Bank of China H-shares on February 17 and May 12, when its holdings of the bank's H-shares exceeded 5% and 10% of the total respectively. This latest triggering of a mandatory offer is Ping An Life Insurance's third time within six months for Agricultural Bank of China H-shares. As of now, seven listed banks have been subject to mandatory offers by insurance funds in 2025. Of these, Agricultural Bank of China H-shares, China Merchants Bank H-shares, and Postal Savings Bank of China H-shares have been subject to three mandatory offers, while Zhengzhou Bank H-shares have been subject to four mandatory offers.