China Pacific Insurance IPO to start in Hong Kong

"China Pacific Insurance IPO to start in Hong Kong | AboutHK.Com - more information about HK"

China Pacific Insurance (China Pacific), a life insurer to raise premiums, the introduction of an Initial Public Offering (IPO) in Hong Kong, China Knowledge reported. The insurer would be a Board of Directors meeting in August to discuss the plan list. The plan is subject to the approval of shareholders and by the China Securities Regulatory Commission (CSRC). China Pacific has already begun the preliminary work for the IPO on the Hong Kong Stock Exchange, and is expected to start floating its H-shares as early as the 2010th The Shanghai list insurer has to sell up to 900 million H-shares last year, but delays in planning due to the recession in the stock market last year. China Pacific is a global private equity firm based in Washington. Comments Please login to post comments or replies.