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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • CTIHY.PK - China Taiping Insurance May Acquire Assets From Controlling Shareholder 0 comments
    Apr 22, 2013 1:37 AM | about stocks: CTIHY, CINSF

    Prepared by ChinaScope Financial | Source:Company Disclosure

    • China Taiping Insurance Holdings Co., Ltd. (China Taiping Insurance) (00966: HKG) announced recently that China Taiping Insurance Group Co. (TPG), the controlling shareholder of the company, has secured regulatory approvals in regards to the restructuring proposal of TPG and its subsidiaries.
    • As part of the restructuring proposal, TPG plans to sell equity interests in certain non-wholly-owned subsidiaries and equity interests in overseas property & casualty insurance companies to China Taiping Insurance. The consideration for the possible acquisition may be satisfied by the issuance of new shares of China Taiping Insurance.
    Stocks: CTIHY, CINSF
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