China Life to take control of trust firm

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China Life to take control of trust firm - ResearchInChina

Date:2007-04-26 Source:jinxiajinxia Text Size:

China Life Insurance, the nation's biggest Life Insurer, has decided to take a controlling stake in China Credit Trust Company, a major domestic trust firm.

China Life will buy more than a 50 percent stake in it. The boards are still trying to figure out if China Life Insurance Group or its listed arm China Life Insurance will ink the deal.

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