Ping An Insurance sets pricing details for new shares
Ping An Insurance, China's second largest insurer by premium, has set the pricing details for maximum 1.2 billion new shares and no more than RMB 41.2 billion worth of convertible bonds which are to be traded on the Shanghai Stock Exchange, said the insurer on Monday.
The Chinese life insurer Ping An Insurance, under pressure from regulators, indicated it might scale back or postpone a $17 billion share issue, sending its shares sharply higher Tuesday.