According to the latest data from the Hong Kong Stock Exchange, Ping An Life Insurance Company of China, Ltd. acquired an additional 43.446 million shares of Agricultural Bank of China (01288) on May 19. The transaction was executed at an average price of HK$6.0843 per share, amounting to a total consideration of approximately HK$264 million. Following this purchase, Ping An Life's total holdings in ABC have reached approximately 7.082 billion shares, representing a 23.04% stake in the bank.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.