Related News
Fund injection
February 10, 2009, Tuesday
|
Print Edition
Print Edition
CHINA Life Insurance Co, the nation's largest insurer, and its parent company plan to inject a total of 2 billion yuan (US$293 million) into China Life Asset Management Co to bolster capital at the joint venture.
The Beijing-based insurer will provide 1.2 billion yuan, it said in a statement to Hong Kong's stock exchange yesterday. China Life Insurance (Group) Co will contribute the rest. The insurer will continue to own 60 percent of the asset management unit, and the parent will hold the remaining 40 percent.
The Beijing-based insurer will provide 1.2 billion yuan, it said in a statement to Hong Kong's stock exchange yesterday. China Life Insurance (Group) Co will contribute the rest. The insurer will continue to own 60 percent of the asset management unit, and the parent will hold the remaining 40 percent.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
