Ping An to hike stake in Shenzhen bank
By Hu Yuanyuan | China Daily | Updated: 2009-06-16 08:08
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A combination photo of a SDB office in Shanghai (right) and a Ping An service counter in Haikou, Hainan province. CFP |
Ping An Insurance (Group), the nation's second-largest insurer, is increasing its stake in Shenzhen Development Bank to nearly 30 percent from the under 5 percent it holds now through a 22 billion yuan deal.
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