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Bookmark or Share- China’s Anbang Insurance Group to apply to disband, liquidateBEIJING, Sept 14 (Reuters) - China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company, a step towards...
- Anbang: the downfall of China’s global dealmaker - Financial TimesAnalysts say Anbang was bound to attract the attention of Chinese regulators because of the nature of its business model. The group relied on issuing wealth management products for its funding.
- China seizes control of Anbang Insurance as chairman prosecutedThe Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, dramatically illustrating Beijing's willingness to curtail big-spending...
- Anbang’s Remains Put Up for Sale With a $5.2 Billion ValuationChina is getting out of the Anbang bailout business, aiming to sell nearly 99% of the fallen insurance giant’s remains, now valued at 33.6 billion yuan ($5.2 billion), public records show. The sale, which runs until Aug. 12, marks the government’s latest effort to put Anbang Insurance Group Co. Ltd.’s remaining assets back into private ...
- China puts controlling stake of revamped Anbang on the block ... - ReutersSHANGHAI, July 17 (Reuters) - Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group...
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