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Stake plan
March 17, 2009, Tuesday
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Print Edition
Print Edition
PICC Property & Casualty Co, China's largest non-life insurer, agreed to sell a 20-percent stake in PICC Asset Management Co to its parent for 171.2 million yuan (US$25 million).
The sale aims to help Beijing-based PICC P&C focus on its non-life insurance operations, the company said yesterday.
The sale aims to help Beijing-based PICC P&C focus on its non-life insurance operations, the company said yesterday.
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