« China Huaneng Group's subsidiary acquires 47.815 percent of Shenzhen Energy Group's Manlizhou-based thermal power plant | Main | China’s metal processing machine tool export value rises slightly »

March 05, 2009

China Life pulls out of bidding for American International Assurance

2009-03-05 Beijing

Chinese insurance giant China Life Insurance Co Ltd has pulled out of the bidding for American International Assurance (AIA), the Asian unit of the ailing American International Group (AIG), as AIA's asset quality, business direction and brand have changed dramatically over the last few months, according to Yang Chao, chairman of China Life. He also said that the company will not rule out the possibility of seeking other opportunities of overseas acquisitions.

Posted at 12:12 AM in Insurance |

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83452000b69e2011168c2668c970c

Listed below are links to weblogs that reference China Life pulls out of bidding for American International Assurance:

Comments

cheap jerseys

Under the Regulations, rural laborers shall enjoy equal rights with urban laborers in terms of employment

Posted by: cheap jerseys | June 15, 2011 at 02:42 AM

replica jersey

rural laborers shall enjoy equal rights with urban laborers in terms of employment

Posted by: replica jersey | August 08, 2011 at 01:09 AM

The comments to this entry are closed.