China
China Life to Conduct 2:1 Split
According to Briefing.com, China Life Insurance (LFC) will conduct a 2:1 stock split when the trading begins on December 29th. There have been some rumors on Yahoo! Finance discussion board lately about the split, but this is the first official announcement. Closed near $140 yesterday, the price after the split will be much more affordable. [...]
Popularity: 10% [?]
LFC Won Regulatory Approval for Domestic Listing
According to Reuters, China Life Insurance (LFC) has won approval to sell its class-A shares in Shanghai, which could raise $3.2 billion or 25 billion yuan, making the offering the second largest in the history of Chinese domestic public offering. Encouraged by the news, LFC is now trading above $105 in NYSE, more than $3 [...]
Popularity: 6% [?]
LFC to Close Above $100 for the First Time
So I didn't buy Google two years ago and now it's traded near $500. But I have LFC.
China Life Insurance (LFC), my biggest gainer so far, is on track to close above $100 for the first time today. Currently traded at $101.70 per share, LFC has seen its stock price more than tripled in [...]
Popularity: 7% [?]
China Play: A Comparison of FXI, PGJ, and MCHFX
I have been investing in China for more than three years and the first China related financial product I purchased was Mattews China Fund (MCHFX) held in my brokerage account with Scottrade. I sold all my position at the end of 2003 when Scottrade started to charge commissions for even the non-load funds. Shortly after, [...]
Popularity: 35% [?]
China Life to Resume Trading Tomorrow
And the suspension is indeed related to the acquisition of 20% stake of Guangdong Development Bank. According to announcement, China Life will pay about $730 million in cash for the acquisition. Trading of LFC will resume tomorrow at 9:30 am in NYSE.
The announcement can be found here.
Popularity: 9% [?]
Popularity: 9% [?]
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