- Reuters•3 months ago
American International Group (AIG.N) (AIG) is seeking to raise about $190 million by selling its remaining shares in China's PICC Property and Casualty Co Ltd (2328.HK), according to a term sheet of the deal seen by IFR on Saturday. AIG is offering 111 million shares at a floor price of HK$13.39 each, representing 0.5 percent discount to PICC Property and Casualty's last traded price, the terms showed. AIG has been steadily selling down its stake in PICC over the past two years and has raised about $2.6 billion prior to Saturday's trade.
- TheStreet.com•7 months ago
AIG, the bailed-out insurer that Carl Icahn and John Paulson pushed to break up, missed earnings estimates as its investments took a hit from global market volatility.
- Bloomberg•7 months ago
American International Group Inc. raised $1.25 billion selling shares of Chinese insurer PICC Property & Casualty Co. near the low end of a marketed range.
2328.HK : Summary for PICC P&C - Yahoo Finance
PICC Property and Casualty Co. Ltd. (2328.HK)
HKSE - HKSE Delayed Price. Currency in HKD
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|Day's Range||12.78 - 12.98|
|52 Week Range||11.20 - 16.76|
|PE Ratio (TTM)||7.46|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|