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These shares, which were priced at CNY 27.87 apiece, will cost Ping An Life, the second largest life insurer in China, CNY 1.39 billion in total.
Before the move, Ping An Life had acquired 306,000 Yunnan Baiyao shares via the secondary market. In addition, its parent and Ping An Pension Insurance Company of China, Ltd. have owned one million and 15,000 Yunnan Baiyao shares, respectively. In that case, the shares that Ping An directly and indirectly holds in Yunnan Baiyao will amount to 51.32 million after the deal, accounting for about 9.61 percent of the latter's enlarged capital stock.
From www.cnstock.com, Page 1, Tuesday, August 12, 2008 info@SinoCast.Com
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