PICC subsidiary buys Huawen Media stake

Investment

Friday, October 10, 2008 21:07:40

	PICC subsidiary buys Huawen Media stake By STAFF EDITOR Published: June 25, 2008 05:43 PM PICC Investment Holdings Co, a wholly-owned subsidiary of People’s Insurance Company (Group) of China (PICC), said it will buy a 55% stake in Huawen Media Investment Corp (000793.SZ) for US$43.67 million (RMB300 million), the Shanghai Securities News reported. The controlling stake will also give it effective control of Shanghai New Huang Pu Real Estate Co (600638.SH). ... You are currently reading 58 words of 177 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , insurance , real estate , management , life insurance	More Articles in Investment > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Cartoon maker nails US$7m in VC funds Clean tech fund unveils Shanghai eco project Ping An rumored to be eyeing Prudential investment Domestic deals drive M&A increase Hedge fund Elliott boosts stake in mainland property firm Manufacturing dominates Shanghai equity exchange deals Manufacturing deals dominate Shanghai asset exchange activity

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