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CHINA TELECOM has once again "released" an Insurance license. After listing Sweet Orange Insurance last month, the 100% stake of Zhongtong SUNSHINE INS Brokerage has also been put on the shelf.
① 100% equity of Zhongtong Sunshine Insurance Brokerage is being listed for transfer by CHINACOMSERVICE Hunan Company, with a minimum transfer price of 137.23 million yuan; ② Tianyi E-Commerce Co., Ltd. is also listing for transfer 100% equity of Sweet Orange Insurance Agency; ③ CHINA TELECOM is continuously transferring insurance licenses while intensively "clearing out" equity in multiple Financial Institutions including Banks and micro-finance.
Announcement Highlights | In the first 11 months, SUNSHINE INS's original premium income exceeded 120 billion yuan; GCL TECH plans to allot up to 1.56 billion shares, net raising approximately 1.53 billion Hong Kong dollars.
In the first 11 months, SUNSHINE INS's original premium income exceeded 120 billion yuan; the major Shareholder of CHENGDU EXPWAY won a highway project worth over 10 billion yuan.
Hong Kong stock early report on December 19: The hawkish Federal Reserve caused U.S. stocks to fall. IDREAMSKY has reached a cooperation with the Game Platform under Saudi Telecom Company (STC).
① Shenzhen established an AI industry Fund. ② The Federal Reserve lowered interest rates by 25 basis points as expected, with only two rate cuts anticipated in 2025. ③ The Hong Kong Securities and Futures Commission granted licenses to virtual Asset Trade platforms under an expedited licensing process. ④ The USA Biodefense Act was not included in the CR bill.
From January to November, SUNSHINE INS (06963.HK) achieved a premium income of 120.918 billion yuan.
On December 18, Gelonghui reported that SUNSHINE INS (06963.HK) announced that from January to November 2024, the premium income of original insurance contracts from its subsidiaries SUNSHINE Property Insurance Co., Ltd. and SUNSHINE Life Insurance Co., Ltd. were RMB 43.82889 billion and RMB 77.08914 billion respectively, totaling RMB 120.918 billion.
Express News | Sunshine Insurance Group - Jan-Nov Original Premium Income for Sunshine Property and Casualty Insurance RMB43.83 Bln
SUNSHINE INS (06963.HK): Nominated Dong Bin as an independent non-executive director candidate.
Gelonghui, December 12 - SUNSHINE INS (06963.HK) announced that the company received the resignation letter from independent non-executive director Liu Zhanqing on December 10, 2024. Since Liu Zhanqing has served as the company's independent non-executive director for six consecutive years, according to relevant regulatory provisions in China, Liu Zhanqing submitted his resignation from the positions of independent non-executive director, chairman of the Board of Directors' Nomination and Remuneration Committee, and member of the Board of Directors' Related Party Transactions Control Committee. The Board of Directors held a meeting on December 12, 2024, to discuss and approve the proposal on nominating candidates for the sixth Board of Directors, nominating Dong Bin as a candidate for the company's sixth...
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