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Huamao Co., Ltd. (000850): The Participating Company Plans To Transfer 6.07% Shares Of Huatai Insurance By 2.464 Billion Yuan
Huamao (000850) announced on the evening of December 27 that Chongqing gravel, a joint-stock company of the company, intends to transfer 6.07% shares of Huatai Insurance to Chubb inaholdings Inc. (hereinafter referred to as "anda North America"), with the transfer price of 2.464 billion yuan. After the transaction, Chongqing gravel no longer holds Huatai Insurance shares. The profit from Chongqing gravel's sale of Huatai Insurance shares is directly included in the "investment income" account, which is expected to increase the company's investment income by about 120 million yuan.
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