Lates News

The latest information disclosed by the Hong Kong Stock Exchange shows that Ping An Life increased its holding 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 the same day, triggering a mandatory offer according to Hong Kong market rules. Prior to this, Ping An Life had also triggered mandatory offer requirements on February 17 and May 12 for holding more than 5% and 10% of the total H shares of Agricultural Bank of China respectively. This is the third time Ping An Life has triggered mandatory offers on Agricultural Bank of China H shares within six months. As of now, a total of 7 listed banks have been targeted by insurance capital for mandatory offers by 2025. Among them, Agricultural Bank of China H shares, China Merchants Bank H shares, and Postal Savings Bank of China H shares have been targeted three times, while Zhengzhou Bank H shares have been targeted four times. (Securities China).