Movement Alert|GTHT Rises 3.09% in Regular Trading as New China Life Triggers Stake Increase to 20.24%

Market Focus
5 hours ago

On October 12, GTHT rose 3.09% in regular trading, trading at HK$14.66/share, with Turnover of HK$27.0891 million.

The advance follows disclosure that New China Life Insurance increased its holding in GTHT H-shares on September 29 via on-market purchases, triggering a regulatory stake declaration and lifting its aggregate long position to approximately 20.24% of issued H-shares.

The insurer has been accumulating the position since May, raising its H-share holding from roughly 560 million shares to around 710 million shares, with a book value near RMB 8.97 billion. Market commentary attributes the interest to GTHT's approximately 5.25% H-share dividend yield and low valuation of about 0.66 times price-to-book, consistent with long-duration, high-dividend allocation strategies typically favored by insurance capital.

GTHT operates through wealth management, investment banking, institutional and trading, investment management, and international business segments, offering securities and futures brokerage, underwriting, asset management, and related financial services.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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