Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02628 CHINA LIFE
RTNominal up9.390 +0.460 (+5.151%)
Others

20/12/2019 10:27

China Life (02628) to form partnership for elderly business

[ET Net News Agency, 20 December 2019] China Life Insurance Company Limited (02628)
said it intends to enter into a partnership agreement with China Life Qiyuan (as the
general partner) for the formation of a partnership.
The total initial capital amount of the partnership shall be RMB10 billion, of which no
more than RMB10 billion shall be contributed by the company, and no more than RMB10
million shall be contributed by China Life Qiyuan. CLEI will serve as the manager of the
partnership.
CLIC, the controlling shareholder of the company, currently holds approximately 68.37%
of the issued share capital of the company. CLIC indirectly holds 100% of the equity
interest in China Life Qiyuan and CLEI.
The partnership will focus on the investment in the aged-care industry, including
industrial assets such as continuing care retirement communities, boutique apartments for
the aged in urban core areas and community home care services, as well as the upstream and
downstream businesses along the aged-care industry chain which are in line with the
development direction of the industry and permitted by regulatory authorities. (RC)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.