Minsheng Life attracting more foreign funds
By Tu Lei (chinadaily.com.cn)
Updated: 2007-07-27 14:18
Updated: 2007-07-27 14:18
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The insider said that enterprises from England and the United States are busy talking about stake purchases, and Minsheng Life is expected to decide between the two for a cooperation partner by the end of this year.
Minsheng Life has initially raised 959 million yuan (US$126.79 million) from 19 shareholders. In the second stage, the company will issue 913.5 million shares, and the capital raised by floating shares will be collected on November 30.
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The full text is available in the July Issue ofChina Insurance.
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