Article: China Life Insurance raises $3.62 billion in mainland BUSINESS ASIA by Bloomberg

Bei Hu
International Herald Tribune
12-28-2006
China Life Insurance raised 28.3 billion yuan, or $3.62 billion, in the first public share sale by a Chinese insurance company in mainland China, after pricing the stock at the top end of its range, two people with direct knowledge of the offering said.China Life, the largest Chinese life insurer, priced 1.5 billion yuan-denominated shares, or A-shares, at 18.88 yuan apiece, according to the people, who declined to be identified before an official statement scheduled for Thursday.''There'll be quite a bit of an upside for the A-share buyers,'' Dorris Chen Huanming, an analyst for BNP Paribas in Shanghai, said Tuesday before the final pricing. ...

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