Pacific Insurance gets nod for London IPO, secures cornerstone

By Jonathan Breen
03 Jun 2020

China Pacific Insurance (Group) Co has won approval from the mainland securities regulator to move ahead with its stock offering on the London Stock Exchange.

The issuer, known as Pacific Insurance, is planning to float Global Depository Receipts (GDRs) through the London-Shanghai Stock Connect scheme, which enables listings on both city’s exchanges by Chinese and UK companies.

The China Securities and Regulatory Commission gave the company the go-ahead to issue up to 125.7m ...

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