China Taiping raises $1.7b in private placement

Despite a drop in A-shares and H-shares, the insurer was able to enlist investors including Yunfeng Capital and Fosun International to participate in the placement.

China Taiping Insurance became the latest mainland company to raise funds through a private placement in Hong Kong, raising $1.7 billion in the secondary deal on Thursday.

¬ Haymarket Media Limited. All rights reserved.

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