China Pacific Insurance is reportedly pushing through with its planned London listing via a Sino-British stock link scheme, despite the volatility in financial markets caused by the COVID-19 pandemic.
The Shanghai-headquartered insurer said it will issue 125.7 million units of global depositary receipts (GDR) in London, with Swiss Re as a cornerstone investor, Reuters reported. The company is looking to raise funds for its overseas expansion activities.
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