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Article: BRIEFING - ASIA INSURANCE - JUNE 15, 2009.
- Article from:
- AsiaPulse News
- Article date:
- June 15, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on insurance for June 15, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CHINA'S PING AN TO BUY STAKE IN SHENZHEN DEVELOPMENT BANK
BEIJING - The China Ping An Insurance (Group), the nation's second-largest insurer, said late Friday that it planned to buy a stake worth up to a combined 22 billion yuan ($US3.2 billion) in the Shenzhen Development Bank.
Ping An said in an online statement that it had agreed to purchase up to 585 million new shares from Shenzhen Development Bank for 10.7 billion yuan, or 18.26 yuan ...