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Financials

BRIEF-Picc Property And Casualty Co announces capital increase in PICC RE

Aug 30 (Reuters) - Picc Property And Casualty Co Ltd

* Entered into capital increase agreement with PICC Group and PICC RE

* Company shall increase share capital of picc re with an amount of rmb980 million

* All parties agreed on an increase of rmb2 billion in registered capital of picc re

* Proportion of shareholding held by company will remain unchanged, representing 49% of enlarged issued capital of picc re Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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