CHINA PACIFIC TO PUMP ANOTHER 8.8BN YUAN INTO INSURANCE OPS

China Pacific is to inject a further 8.8bn yuan into its units China Pacific Life and China Pacific Property, reports Xinhua . In a statement filed with the Shanghai stock exchange, China Pacific said that China Pacific Property would be issuing a further 1.4bn shares at two yuan a share, taking the total number in issue to 4.09bn. China Pacific Life will be offering 1.2bn new shares at five yuan a share, taking the total in issue to 3.5bn. The parent group said that all shareholders had agreed to take up their share allotments.