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Ping An Insurance Group Co of China Ltd (2318.HK)

2318.HK on Hong Kong Stock

85.00HKD
2:37am GMT
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Wed, Mar 13 2019

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Chinese insurer Ping An plans $1.5 billion buyback, would consider more

SINGAPORE/HONG KONG Financial giant Ping An Insurance Group Co of China Ltd said it would return up to 10 billion yuan ($1.5 billion) to shareholders through its first share buyback, after posting a forecast-beating jump in annual profit.

UPDATE 4-Chinese insurer Ping An plans $1.5 bln buyback, would consider more

* 2018 profit jumps 20.6 pct to 107.4 bln yuan (Adds president's comments, closing share price)

China's Ping An Insurance annual profit jumps 20.6 pct, above estimates

SINGAPORE/HONG KONG, March 12 Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, posted on Tuesday a forecast-beating 20.6 percent jump in annual net profit, boosted by strong growth in its life and health insurance business.

UPDATE 1-Ping An-backed Lufax raises $1.3 bln at lower valuation -sources

* Fundraising values Lufax at $38 bln prior to closing -sources

Ping An-backed Lufax raises $1.3 billion at lower valuation: sources

HONG KONG Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters.

Ping An-backed Lufax raises $1.3 bln at lower valuation -sources

* Fundraising values Lufax at $38 bln prior to closing -sources

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