February 14, 2020 / 2:23 PM / 13 days ago

BRIEF-China Life Insurance Updates On Gratuitous Transfer Of CLIC's Partial State-Owned Shares

Feb 14 (Reuters) - China Life Insurance Co Ltd:

* GOT NOTICE FROM CHINA LIFE INSURANCE (GROUP) THAT CBIRC APPROVED TRANSFER BY PRC MINISTRY OF FINANCE OF 10% STAKE IN CLIC

* APPROVAL FOR ONE-OFF TRANSFER OF THE STAKE TO NATIONAL COUNCIL FOR SOCIAL SECURITY FUND

* UPON COMPLETION OF TRANSFER, MINISTRY OF FINANCE WILL HOLD 90% EQUITY INTEREST IN CLIC AND SSF 10% Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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