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Insurer plans IPO

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China Pacific Insurance (Group) Co will issue no more than one billion yuan-backed A shares in Shanghai, the insurer said yesterday on the Website of the China Securities Regulatory Commission.

It will also seek a listing in Hong Kong by issuing no more than 900 million H shares after the completion of the A shares sale. The pricing of the H shares will not be lower than the A shares, the pre-disclosure statement said.

(Shanghai Daily November 30, 2007)

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