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Article: 6 INVESTORS BID FOR 15.6% OF TAIKANG LIFE
- Article from:
- AsiaInfo Services
- Article date:
- November 10, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
11-10-2009
6 Investors Bid for 15.6% of Taikang Life
BEIJING, Nov 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- Six investors took part in the first-round bidding French insurer AXA SA held for a 15.6 percent stake in Chinese insurer Taikang Life Insurance Co., Ltd. last Friday, said sources.
They are Temasek Holdings, Blackstone Group, Bain Capital, KKR, Hopu Fund and Hony Capital. The stake is priced at USD 1.05 billion, representing a 27 times P/E ratio. The deal is luring, as the Chinese insurer plans to be listed within two years, said industry observers. Any one who acquires the stake is expected to make a killing from the investment provided that the insurer ...
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Article: Taikang Life Invests in A-Share Market.
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... ... Mar 10, 2005 (SinoCast via COMTEX) Taikang Life Insurance Co., Ltd. (Taikang Life) successfully invested in the A-share ... stocks during its first batch of trading. Taikang Life, one of the top five life insurance companies ...
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