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Thread: Ping’an Shares rebound
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[quote=KEVIN0518,274024]After Ping’an shareholders approved to raise 17 billion dollars for domestic and overseas acquisitions, its shares jumped about 7.9 percent, closing at 72.38 yuan, the highest in recent 8 months. On the other hand, China Life and China Pacific shares also have increased by 4.9 percent and 3.8 percent. For the whole market, the insurance shares has drive Shanghai Composite Index go up 1.6 percent. Ping’an shares in Hong Kong stock market also went up 4.6 percent. In general, H shares increased 1.7 percent. Before the shareholders’ meeting, some shareholders and investor objected strongly that Ping’an shouldn’t raise fund again. To our surprise, the fundraising plan was approved finally. However, this plan needs to be examined and approved by CSRC. Some investors say that Ping’an shares increase won’t last for long. They will go down very soon. What do you think? [/quote]
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