ASX 200 up again on Wednesday 9 December 2020

The S&P/ASX 200 Index (ASX: XJO) went up 0.6% to 6,729 points today.

Here are some of the highlights from the ASX today:

Commonwealth Bank of Australia (ASX: CBA)

CBA announced an update about its divestments today.

The China Banking and Insurance Regulatory Commission (CBIRC) has granted approval for the divestment of CBA’s 37.5% equity interest in BoCommLife to MS&AD Insurance Group Holdings.

The final sales proceeds expected to be received by CBA are $886 million. The divestment of the equity interest in BoCommLife is expected to be completed by 31 December 2020.

CBA also said that it has revised the calculation of non-cash gains and losses on the disposal of previously announced divestments including BoCommLife, CFS, CFSGAM,…