wtorek, 20 stycznia 2015

Alibaba seeking stake in insurer New China Life: state paper

People ride a double bicycle past a logo of The Alibaba Group at the company's headquarters on the outskirts of Hangzhou SHANGHAI/BEIJING (Reuters) - China's Alibaba Group Holding Ltd , the world's biggest e-commerce company, is planning to buy shares in the state-run New China Life Insurance Co Ltd , Shanghai Securities News said on Wednesday, citing unnamed sources. The newspaper reported that Central Huijin Investment Ltd, the investment arm of the Chinese government and the largest shareholder in the insurer, plans to sell some of its stake to Alibaba. Central Huijin currently owns 31.34 percent of the insurer, according to the paper. New China Life Insurance asked for a trading suspension on Jan. 19, saying it was in the midst of negotiations that would affect its shareholding structure.








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