Caixin OnlineFinance & EconomicsFinance Analysis Statement from CP Group on the Ping An Deal (Published December 23)
12.25.2012 14:20

Statement from CP Group on the Ping An Deal (Published December 23)

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Statement from CP Group on the Ping An Deal (Published December 23)

Regarding numerous news reports about Charoen Pokphand Group's purchase of Ping An Insurance Company Limited shares, after consultation with The Siam Commercial Bank (Public Company Limited), Charoen Pokphand Group has entered into agreement to acquire an approximately 15.57% shares in Ping An Insurance Company Limited approximately 15.57% at approximately US$ 9,390,000,000 equivalent to approximately Baht 288,000,000,000 from HSBC group and that the acquisition is being made partly with financial support from China Development Bank Hong Kong branch.

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