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Article: PICC HEALTH EXPANDS REGISTERED CAPITAL TO CNY3BN
- Article from:
- AsiaInfo Services
- Article date:
- April 3, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
04-03-2009
PICC Health Expands Registered Capital to CNY3bn
BEIJING, Apr 03, 2009 (SinoCast Daily Business Beat via COMTEX) -- PICC Health Insurance Co., Ltd. recently gained approval from the China Insurance Regulatory Commission (CIRC), the top Chinese insurance regulator, to expand its registered capital to CNY 3 billion from previously CNY 1 billion.
After the capital injection, the People's Insurance Company (Group) of China (PICC) will have 2.51 billion shares of PICC Health, accounting for 83.67 percent of the latter's total capital stock. DKV Deutsche Krankenversicherung AG, a German insurer, will own 190 million PICC Health shares, accounting for 6.33 percent of ...
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Article: INSURERS EXPANDING REGISTERED CAPITAL
AsiaInfo Services;
May 22, 2009 ;
351 words
... ... in the country expanded registered capital by CNY 8.8 billion from ... Insurance Co., Ltd. and PICC Health Insurance Co., Ltd. PICC Health, the health insurance ... highlighted as it enlarged registered capital by CNY 2 billion once ...
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