Saturday, November 22, 2008

PICC Property seeks to enter life insurance

PICC Property and Casualty (2328) announced Monday it will enter the life insurance field by investing 812 million yuan (HK$832.3 million) for a 28 percent stake in its sister company PICC Life Insurance.

www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_id=47679&sid=14215410&con_type=1&d_str=20070626