Prudential targets up to US$2.89bn in HK share offeringBloombergPrudential PLC plans to raise up to US$2.89 billion in a new share offering in Hong Kong as the insurance giant eyes long-term growth opportunities in Asia and Africa. The new shares would be offered at a maximum of HK$172 (US$22.09) apiece and would be traded in Hong Kong on Oct. 4. GOALSThe company is building capacity to serve 50 million customers by 2025, Prudential executive director James Turner said at a briefing in Hong Kong on Sunday. “One thing that we noticed is that all of these regulations are starting to come toward our business model,” Turner said. “What we see is regulation to improve the quality of protection products that are sold to our customers.

Source: Taipei Times September 20, 2021 15:56 UTC