According to disclosure filings on the Hong Kong Stock Exchange, GIC Private Limited, Singapore's sovereign wealth fund, reduced its stake in PICC Property & Casualty (PICC P&C) H-shares by 3.224m shares on February 27, at an average price of HK$13.0755 ($1.68) per share, totaling approximately HK$42.16m. Following the transaction, GIC's holdings fell from 6.03% to 5.99%, with a remaining stake of 413m shares.