Taube Ho Dining room furniture dson Stonex buys 16.46 mln shares of PICC Property
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Taube Hodson Stonex buys 16.46 mln shares of PICC PropertyPublished: 04 Nov 2009 01:05:11 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Nov. 4, 2009 (China Knowledge) - Taube Hodson Stonex Partners LLP, an independent fund management company based in London, on Oct. 30 raised its shareholding in PICC Property & Casualty Co<2328> to 5.1% from the 4.62% it held earlier, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. </P]<P]HKEx said that the British fund manager on Friday bought 16.46 million shares of PICC Property for HK$95.97 million. The average share price of the deal was HK$5.83 apiece.</P]<P]PICC Property, China’s largest non-life insurer in terms of premiums, earned RMB 95.72 billion in insurance premiums in the first nine months of this year, 17% more than in the same period of last year.</P]<P]Shares of PICC property gained 2.09% to stand at HK$5.86 in the morning session today.</P]
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