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PICC P&a D&G handbag mp;C to sell 20% stake in PICC Asset Management to parent
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PICC P&C to sell 20% stake in PICC Asset Management to parentPublished: 17 Mar 2009 00:02:15 PSTMar. 17, 2009 (China Knowledge) – PICC Property & Casualty Co (PICC P&C)<2328>, China’s largest non-life insurer in terms of premium, has agreed to sell a 20% stake in PICC Asset Management Co to its parent company, the People’s Insurance Co (Group) of China (PICC), for RMB 171.2 million (US$25 million), the Shanghai Daily reported.The sale is expected to help PICC P&C to focus on its non-life insurance business, the company said in a statement filed with the Hong Kong Stock Exchange (HKEx) yesterday.Shares of the Beijing-based non-life insurer rose 4.5% to close at HK$4.40 on Monday.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newsキャッシング 外国為替 Runescape Gold seo 外部対策 カード 現金化 everbuying spam