China Life to be a foundation in BOC Flying Initial public offering

China Disaster protection joins 10 other foundation speculators for the US$1.1 billion Hong Kong first sale of stock of BOC Aeronautics, the greatest flying machine lessor in Asia. 

China Life has, as indicated by a report, submitted US$50 million for the Initial public offering, which likewise has sovereign riches store China Speculation Corp (CIC) and Boeing as financial specialists. 

CIC will contribute US$100 million while Boeing said it will contribute US$30 million. BOC Aeronautics, which has more than 100 planes rented out to carriers around the globe, will turn into the second Asian flying machine renting organization to get recorded in the share trading system. 

BOC is offering the new shares at a settled cost of HK$42 each.