|Day's range||25.00 - 25.70|
|52-week range||16.00 - 25.70|
|PE ratio (TTM)||34.77|
|Dividend & yield||0.06 (2.03%)|
|1y target est||29.51|
Hong Kong-listed life insurer China Life Insurance (2628.HK) will spend USD950 million on commercial real estate projects in the U.S.. Under the deal, a unit of the China Life that specializes in alternative investments will acquire a 95% stake in projects currently owned by St. Louis-based private equity firm ElmTree Funds. China Life and ElmTree will jointly managed the properties following the deal. China’s life insurers have been splashing the cash on foreign real estate since the Chinese government lifted a ban on doing about five years ago.
China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign ...
China Life Insurance Company Ltd. (LFC) shares have gained 24% outperforming the Zacks categorized Life Insurance industry's gain of only 14%.