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Source: Shanghai Daily |
April 9, 2013, Tuesday
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Print Edition
THAILAND'S Charoen Pokphand Group will reinvest earnings from its recently acquired US$9.4 billion stake in Ping An Insurance Group back in China, Thai billionaire Dhanin Chearavanont and head of CP Group said at the Boao Forum yesterday. He made the comments after CP Group bought Ping An's 15.6 percent stake from HSBC in February, and amid speculation that part of the funds came from UBS. But CP group denied such allegation.
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