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China Life 2.999 billion to subscribe for a broad issue

Source: Internet
Author: User
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China Life (601628) December 2 Evening Notice that the company with its own funds of 2.999 billion yuan to subscribe to the Guangdong Development Bank set to increase the shares, the subscription price of 4.38 yuan/share.　　After the completion of the capital increase, the company holds 3.08 billion shares of Guangdong Development Bank, accounting for 20% of the registered capital. The company said the increase is conducive to increasing the company's overall investment rate of return, to maintain the company in the broad distribution of the rights and interests, to avoid dilution of equity.

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