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CHINA TAIPING Once Sinks 8%; Reportedly the Insurer for Wang Fuk Court
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The five-alarm blaze at Wang Fuk Court in Tai Po has so far claimed at least 44 lives and left 66 injured, including a firefighter who died in the line of duty. Reports say Wang Fuk Court's comprehensive insurance policy is underwritten by China Taiping Insurance (HK) Company Limited, with a maximum payout of HKD2 billion under its property all-risks coverage. CHINA TAIPING (00966.HK) opened over 3% lower this morning (27th) and once sank by 8.1% in early trading to a bottom of HKD16.77. It last traded at HKD17.58, down 3.67%, with a turnover of around HKD353 million. AAStocks Financial News |
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