New China Life announces Fund III agreement
New China Life Insurance Company Ltd. announced it has entered into a Fund Agreement for the Guofeng Xinghua Honghu Zhiyuan No. 1 Private Securities Investment Fund III on July 4, 2025. The fund, managed by Guofeng Xinghua and with China Guangfa Bank Beijing Branch as custodian, will have a total size of RMB22.5 billion. New China Life will contribute RMB11.25 billion to subscribe for units in the Fund III. The subscription, when aggregated with a previous subscription, exceeds 5% of applicable ratios under listing rules, categorizing it as a discloseable transaction, though it is exempt from shareholder approval. The company cautioned that the fund's formation is still subject to regulatory filing and involves uncertainty, urging investor caution.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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