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Pacific Insurance to float less than 1b shares on HK market

(Xinhua)
Updated: 2009-07-17 13:23

Related readings:  China Pacific plans Hong Kong public float later this year  Pacific Insurance Q1 profits shrink 88%  Pacific Insurance reports Q3 loss on investment

China Pacific Insurance (Group) Co, Ltd (CPIC) said it planned to restart its H-share issue in a statement released Friday.

According to a statement on the website of Shanghai Stock Exchange, the company has decided to float no more than 1 billion shares on the Hong Kong market.

The company's stock price on mainland's Shanghai bourse has gained 3.7 percent to 28.92 yuan ($4.25) at the moment.