24 June 2019

Anbang raises stake in China Merchants Bank to 5%, filing says

Anbang Property & Casualty Insurance Co. Ltd. has increased its shareholding in China Merchants Bank Co. Ltd. (03968.HK, 600036.CN) by 1.13 billion A shares, the bank said in a regulatory filing on Tuesday. After the latest deal, Anbang now holds 1.26 billion A shares of CMB, representing a 5  percent stake in the bank. Anbang, with a registered capital of 9 billion yuan (US$1.48 billion), is engaged in property and casualty insurance, liability insurance, credit and guarantee insurance, short-term health insurance and accidental injury insurance, the filing said.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe