China: Starr to acquire 20% stake in Dazhong

July 2011
Asia Insurance Review;Jul2011, p45
Trade Publication
The article reports on the acquisition of 20% stake in Dazhong Insurance Co. by Starr Insurance and Reinsursnce Ltd. It is reported that, approval has been granted by the China Insurance Regulatory Commission (CIRC) to Dazhong Insurance to issue an additional 286.5 million ordinary shares to Starr Insurance and Reinsurance after which the latter will become the former's foreign strategic investor.


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