Results for stake: 2629

Central Huijin Investment Co, a wholly-owned subsidiary of China's sovereign wealth fund, will soon take over a 38.8% stake in New China Life Insurance Co from China's insurance protection fund, according to sources familiar with the matter.The sources said that Central Huijin will pay RMB 4 billion to buy 460...

France-based insurer AXA SA is selling its 15.6% stake in Taikang Life Insurance Co, China's fourth-largest life insurer, said Taikang Life's chairman, Chen Dongsheng, sources reported.Chen's speech came after a recent media report on the stake sale by AXA, which hoped to raise about US$1 billion via the...

China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise CITIC Group, has successfully completed the acquisition of a 70.32% stake in CITIC International Financial Holdings Ltd, sources reported.China CITIC Bank will assign Cao Tong, vice...

U.S. fast food giant Yum Brands Inc, operator of the Kentucky Fried Chicken and Pizza Hut brands, is planning to raise its stake in China's hot pot restaurant chain Little Sheep Group Ltd<0968>, sources reported.According to Little Sheep's filing with the Hong Kong Stock Exchange, Yum plans to purchase...

Guangdong Midea Electric Appliances Co. Ltd (Midea) and Wuxi Little Swan Co., Ltd announced Tuesday that Midea will sell a 69.47 percent stake of its subsidiary that specializes in manufacturing washing machine to Little Swan for 720 million yuan to end internal competition. Midea is a shareholde...

Cheah Co Ltd, which is controlled by Cheah Cheng Hye, the co-founder of Value Partners Ltd, recently raised its stake in Chongqing Machinery & Electronics Co<2722> to 8.15% from the previous 6.77%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.HKEx said that Cheah...

Investment Holding company Value Partners Group Ltd<0806> recently raised stakes in Chongqing Machinery & Electric Co Ltd<2722> to 8.15% from the previous 7.99%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. Information from HKEx showed that Value Partners on Oct....

Huawen Media Investment Corp<000793>, which is principally engaged in the development of cultural transmission and coal gas trading, today announced that it plans to purchase a 60% stake in a property firm from Shanghai New Huang Pu Group for up to RMB 66.1 million, sources reported. Currently, the...

Chongqing Yukaifa Co Ltd<000514>, a property developer, today announced that it will use RMB 120 million to subscribe about 30 million new shares of Chongqing International Trust Co Ltd in exchange for a stake of between 1.5% and 1.73%, sources reported.The trust company, which was set up in 1984 and...

Lotte Shopping Co Ltd, South Korea's second-largest department store chain operator by market value, confirmed on Monday that it has agreed to acquire a 72.3% stake in Chinese retailer Times Ltd<1832>, aiming to strengthen its retail business in the country, sources reported, citing an executive of Lotte...