LFC Won Regulatory Approval for Domestic Listing
Posted by
Sun on
December 15, 2006
Post viewed 348 times, 2 so far today
Post viewed 348 times, 2 so far today
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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 higher than yesterday's closing price. Overnight in Hong Kong, LFC gained another 5.42%.
It could be interesting to see how high LFC can go.
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China, Investing, Personal finance, Stock
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