May 26 (Reuters) - China Life Insurance Co Ltd
:
* SAYS IT PLANS TO BUY 1.98 BILLION SHARES IN CHINA GUANGFA BANK FOR UP TO 17.48 BILLION YUAN ($2.73 billion)
* SAYS ITS HOLDING IN CHINA GUANGFA BANK WILL REMAIN AS 43.69% AFTER THE TRANSACTION
* SAYS CHINA GUANGFA BANK AIMS TO RAISE UP TO 40 BILLION YUAN IN SHARE ISSUE
* SAYS IT WILL PAY 8.81 YUAN PER SHARE FOR CHINA GUANGFA BANK'S SHARE ISSUE
Source text in Chinese: Further company coverage:
($1 = 6.3951 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom)
((meg.shen@thomsonreuters.com; 852-39525805;))
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