PICC P&C draws strong demand for H-share rights issue

Sources say the $290 million offering is multiple times covered including excess applications, helped by a generous discount to the latest market price.
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PICC P&C: Building capital ahead of a rise in car sales?
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<div style="text-align: left;"> PICC P&C: Building capital ahead of a rise in car sales? </div>

PICC Property & Casualty, the non-life insurance arm of Chinese insurance giant PICC Group, has received strong demand for the H-share portion of its renounceable rights issue, which closed yesterday.

¬ Haymarket Media Limited. All rights reserved.

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