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BUSINESS & TECH

Ping An Health Care Unit Files for Hong Kong IPO

The Hong Kong Stock Exchange has OK’d a separate listing of Ping An Healthcare and Technology, a subsidiary of Chinese insurance behemoth Ping An Insurance Group. Photo: VCG
The Hong Kong Stock Exchange has OK’d a separate listing of Ping An Healthcare and Technology, a subsidiary of Chinese insurance behemoth Ping An Insurance Group. Photo: VCG

Ping An Healthcare and Technology Co. Ltd. looks set to be the first of four affiliates of Ping An Insurance Group to be spun off from the insurance giant this year.

The Hong Kong Stock Exchange has given the go-ahead for the separate listing, Ping An Insurance said on Monday. A 520-page application proof of the initial public offering (IPO) prospectus was made available on Tuesday, although many details, including the timetable, the number of shares to be issued, the price and the market capitalization were redacted.

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