HONG KONG (Indonesia Today) – China Pacific Insurance (Group) Co Ltd has agreed to issue an aggregate of 462 million new H shares to raise HK$10.39 billion.
CPIC informed HK Stock Exchange Sunday (Sept 9) that the new shares are issued at HK$22.5 per share. Number of new shares represent 16.6% of the enlarged total issued H shares and 5.1% of the enlarged total issued share capital of CPIC.
Goldman Sachs is sole bookrunner of the placement to three investors. They are Government of Singapore Investment Corporation (GSIC), Norges Bank (Norway), and Abu Dhabi Investment Authority (ADIA).
After the placement, GSIC will have 10.61% of the total issued H shares, while Norges 8.35%, and ADIA 2.75%.