China Life and Ping An Purchase Minsheng Stock

Consumer and Retail

Friday, September 05, 2008 21:09:05

	China Life and Ping An Purchase Minsheng Stock By STAFF EDITOR Published: March 20, 2007 01:29 AM China Life Insurance Co. and Ping An Insurance (Group) Co., the nation's two largest insurers, paid a combined 10.8 billion yuan (US$1.4 billion) for about 10% of China Minsheng Banking Corp., Bloomberg reported.The report said China Life and Ping An each paid 5.4 billion yuan for 600 million shares, Minsheng Bank said in a statement today. The Beijing-based ... You are currently reading 57 words of 173 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: China Banking , investment , insurance , Beijing , EA , life insurance , Ping An	More Articles in Consumer and Retail > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > ICBC eyes 30% increase in credit card issues Consumer spending boosts FDI, newspaper says Shanghai culture sector up 16% to almost US$40b in ’07 Changhong unveils 1st plasma TV screen from new plant Insurance premiums grew by 23% Ping An Insuarnce up 43% on Debut Beijing hotel bookings low ahead of Olympics

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