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TEDA Int'l becomes Heng An shareholder
Published on: 2009-01-07
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Tianjin-based TEDA Investment has gained approval from the China Insurance Regulatory Commission, the top Chinese insurance regulator, to sell a 50% stake it holds in Heng An Standard Life Insurance to TEDA International Holding Group, Trading Markets reported. After the deal, Heng An Standard Life will become a 50-50 joint venture between UK-based Standard Life Assurance and TEDA International Holding.
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