China Life Re raises capital
(BestWire) - China Life Reinsurance Co., an affiliate of China Reinsurance (Group) Co., received regulatory approval to raise its registered capital to 4.22 billion yuan (481 million euros) from 800 million yuan.
Following the capital increase, China Re will hold 4.14 billion shares of China Life Re, accounting for 98.1% of the latter's total share capital. The remaining 80 million shares, or 1.9% of ChinaOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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