CIFI Introduces Ping An Insurance as a Strategic Investor


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


CIFI Introduces Ping An Insurance as a Strategic Investor

CIFI Introduces Ping An Insurance as a Strategic Investor

HONG KONG, CHINA--(Marketwired - Jul 28, 2017) - CIFI Holdings (Group) Co. Ltd. ("CIFI" or the "Group") ( :), has announced to issue 545,000,000 new shares to a subsidiary of Ping An Insurance (Group) Company of China, Ltd. ( :) ("Ping An") at HK$3.50 per share. After the subscription, Ping An will own approximately 10% of the enlarged share capital of CIFI.

The Group believes that the introduction of Ping An as a strategic investor will strengthen the Group's equity. Going forward, CIFI and Ping An will actively seek opportunities for co-operations. Further, CIFI will appoint a representative from Ping An to the board of directors.

About CIFI Holdings (Group) Co. Ltd.
Headquartered in Shanghai, CIFI is one of China's top 20 real estate developers. CIFI principally focuses on developing high-quality properties which target the end-users in first- and second-tier cities in China. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.

To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.hk

For more information, please contact:
CIFI Holdings (Group) Co. Ltd.
Investor Relations
Tel: (852) 2156 1316
Fax: (852) 3107 0199
Email: Email Contact


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Press Releases