PICC Property and Casualty Signs Tripartite Agreement With Zhongyuan Brokerage, Zhongsheng International

PICC Property and Casualty (02328) said it signed a tripartite agreement with Zhongyuan Brokerage and Zhongsheng International, according to ETNet. Under the agreement, Zhongyuan Brokerage will transfer its rights and obligations under the original agreement to Zhongsheng International. The business cooperation agreement between the company and Zhongyuan Brokerage will automatically terminate when the tripartite agreement takes effect.