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BRIEF-People's Insurance Group Of China announces increase of share capital in Picc Reinsurance
August 30, 2017 / 12:05 PM / 3 months ago

BRIEF-People's Insurance Group Of China announces increase of share capital in Picc Reinsurance

Aug 30 (Reuters) - People’s Insurance Group Of China Co Ltd

* Entered into agreement under which co and unit shall increase their share capital in picc reinsurance

* Company shall contribute rmb1,020 million and picc p&c shall contribute rmb980 million

* Upon completion of share capital increase in picc reinsurance, shareholding of picc reinsurance held by co shall remain unchanged at 51% Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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