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introduction of strategic shareholder and increase of paid-up capital

2020-11-27

taiping reinsurance company limited (“tpre”) has introduced ageas insurance international nv (“ageas”), a wholly-owned subsidiary of ageas sa/nv, as a strategic shareholder on 27 november 2020. china taiping insurance holdings company limited (“ctih”) and ageas hold approximately 75% and 25% of the issued share capital of tpre respectively. tpre remains to be an indirect non-wholly owned subsidiary of ctih.

the paid-up capital of tpre has been increased from hkd5,781,100,000 to hkd8,822,445,630 accordingly.

 

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