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CPIC Falls Below IPO Price, China Life To Decrease Holdings
2628.HK, 601601.SH, 601628.SH, CPIC, China Life, China Life Insurance, China Pacific Insurance, LFC, Liu Lefei
Posted by: Li Jun on Mar 26, 2008 | 18:03
Editorial Summary
Shares of China Pacific Insurance (Group) Co., Ltd (CPIC) (601601.SH) tumbled 8.11 percent to close at RMB27.98 in Shanghai on Wednesday, becoming the first mainland stock to fall below its initial public offering (IPO) price since the full-circulation reform in May 2006, reports Sina. CPIC debuted in Shanghai at RMB30 per share in December 2007.
Shares of China Life Insurance (China Life) (601628.SH, 2628.HK, NYSE: LFC) fell 2.07 percent to close at RMB28.44 in Shanghai after the company's chief investment officer Liu Lefei said during a conference on Wednesday that the insurer plans to reduce its stock holdings in 2008, according to a p5w.net report.
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