Summary by Moomoo AI
Ping An Insurance (referred to as 'the Company') voluntarily announced on July 15, 2024, proposing to issue convertible bonds denominated in US dollars to professional investors. The proposal has not been implemented and no final agreement has been reached. The convertible bonds will not be sold in the United States or other restricted areas, and will be sold outside the United States in accordance with Regulation S of the U.S. Securities Act. The Company plans to use the proceeds for financial business development, medical and retirement new strategic business, as well as general corporate purposes. The Company will apply to the Hong Kong Stock Exchange for approval for the convertible bonds and their converted H shares to be listed for trading. The joint global coordinators, joint bookrunners and joint lead managers mentioned in the announcement are Morgan Stanley Asia Limited and J.P. Morgan Securities (Asia Pacific) Limited.
