China Pacific Insurance plans A-share repurchase
China Pacific Insurance Group announced its intention to repurchase its A-shares, driven by confidence in the long-term prospects of the Chinese economy and the company’s intrinsic value. The proposed repurchase aims to safeguard shareholder interests and enhance investor confidence. The company's Chairman, Fu Fan, proposed the repurchase on April 8, 2025, utilizing the company's own funds for the buyback. The specific details of the repurchase plan, including the amount and price range, are still under development and subject to regulatory approvals. The company has been strategically increasing investments in key sectors, including emerging industries and advanced manufacturing. The company has already increased investment in broad-based Exchange Traded Funds (ETFs) on April 7, 2025. The final repurchase plan is contingent upon customary regulatory approvals and internal corporate governance procedures.
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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