SEHK approved Pacific Century Insurance to Waive Connected Policy Cap

Pacific Century Insurance (0065) said it has been approved by the Stock Exchange of Hong Kong (SEHK) to loosen the cap that limits the total premium income payable by the company's connected persons of group life and medical policies provided by the company. The cap amount of HK$5 million has been exceeded by about HK$3.8 million as at end-June and by about HK$4.8 million as at September 15, said the company.

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