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Ping An Insurance Company of China ( (HK:2318) ) has shared an update.
Ping An Insurance Company of China has completed the cancellation of over 102 million A shares as part of its 2021 A Share Repurchase Plan, leading to a reduction in its registered capital to RMB18,107,641,995. This change, along with amendments to the company’s Articles of Association, reflects a strategic move to optimize its capital structure, potentially impacting its financial stability and shareholder value.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$61.00 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
More about Ping An Insurance Company of China
Ping An Insurance Company of China is a leading financial services conglomerate in China, primarily engaged in insurance, banking, and financial services. The company focuses on providing comprehensive financial solutions and has a significant presence in the Chinese market.
YTD Price Performance: 23.16%
Average Trading Volume: 46,543,243
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1061.1B
For a thorough assessment of 2318 stock, go to TipRanks’ Stock Analysis page.