(Bloomberg) -- China Life Insurance Co. overtook
Chinese billionaire Liu Yonghao as the biggest shareholder of
China Minsheng Banking Corp, the nation's only privately
controlled bank.
China Life owns 893.6 million shares, or 6.17 percent of
Minsheng, the Beijing-based bank said in a statement to
Shanghai's stock exchange. Ping An Insurance Co., the nation's
second-biggest insurer, owns 4.93 percent of Minsheng, making it
the fourth-largest investor.
Read more at Bloomberg Emerging Markets News
Chinese billionaire Liu Yonghao as the biggest shareholder of
China Minsheng Banking Corp, the nation's only privately
controlled bank.
China Life owns 893.6 million shares, or 6.17 percent of
Minsheng, the Beijing-based bank said in a statement to
Shanghai's stock exchange. Ping An Insurance Co., the nation's
second-biggest insurer, owns 4.93 percent of Minsheng, making it
the fourth-largest investor.
Read more at Bloomberg Emerging Markets News
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