Chinese Investors Backed CP Group's Purchase of Ping An Stake
(Beijing) – Chinese investors are behind the financing of the first phase of a multi-billion dollar deal between a Thai conglomerate and HSBC Holdings. One used capital maneuvered from three domestic banks to fund the transaction, Caixin has found.
The London-based bank HSBC announced December 5 that it would sell its 15.57 percent stake in Ping An Insurance Group Co. to four companies from Charoen Pokphand Group (CP Group) for a total of US$ 9.4 billion.
- 'Important Information' vs. Information that Is Important
- Lenovo Completes US$ 2.91 Bln Deal to Buy Motorola Mobility
- Large Railroad Manufacturers Said to Consider Merger
- Village Remake
- APEC Preview
- Skies Overhead
- Two or Three Things about Mr. Lu Xun
- Film: The White Haired Witch of Lunar Kingdom
- Exhibition: The Past
- Wake up, Europe
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Cai Jinyong: A Chinese Voice at the Top of IFC
- 4 Chinese Ships Stuck in Mexico since May over Iron Ore Dispute
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts
- China Builds in Africa, but the Foundations Are Shallow