Tuesday, March 17, 2009

Stake plan

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.

No comments:

Enter your email address:

Delivered by FeedBurner