Temasek Holdings, Singapore's sovereign wealth fund, has bid US$1.2 billion for a 15.6% stake AXA SA holds in Taikang Life Insurance Co, China's fourth-largest life insurer, sources reported.Other bidders include Blackstone, Kohlberg Kravis Roberts & Co, and two Chinese private equity funds Hopu Investment...
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...
AXA SA expects to raise about US$1 billion by selling its entire 15.6% stake in China's Taikang Life Insurance Co, sources reported, citing people familiar with the situation. The stake was inherited from Credit Suisse's insurance unit Winterthur, which French insurer AXA acquired in 2006 in a bid to enhance...
Taikang Life Insurance Co Ltd, China's fourth largest life insurer, plans to be listed this year, sources reported, citing Qiu Xichun, secretary of the board of directors of the insurer."We hope the company can be listed this year, while the place for the listing has not been decided yet, and the mode of listing will be...
Taikang Life Insurance Co has obtained approval from the China Insurance Regulatory Commission (CIRC), the nation's insurance watchdog, to issue up to RMB 3 billion in ten-year callable subordinated bonds, according to a recent statement published on CIRC's website....
French insurer AXA is in the early stages of selling its 15 percent stake in China's Taikang Life Insurance Company, in a deal that could fetch as much as $1 billion, sources said Thursday. Morgan Stanley is advising AXA on the sale of the stake, sources said, with the auction expected to attract...
Taikang Life Insurance Co's insurance premium income totaled RMB 34.37 billion in the first half of this year, the Shanghai Securities News reported on Wednesday.In the first six months, the insurance firm gained 1.92 million new individual clients.By the end of June, the company's solvency adequacy ratio had...
* Temasek, Blackstone, KKR eyeing Taikang Life stake-sources * Deal document explains AXA's 15.6 percent stake in Taikang * Document says Singapore's GIC already owns 7.9 percent * First round bids due on Friday -sources...
HONG KONG, Oct 22 - French insurer AXA is in the early stages of selling its 15 percent stake in China's Taikang Life Insurance Company, in a deal that could fetch as much as $1...