Beijing-based Chinese insurance firm Anbang Insurance Group Co., Ltd. has shown interest in acquiring a controlling stake in South Korea's Tong Yang Life Insurance Co., Ltd. for about 1.1 trillion Korean Won (US$1.01 billion), according to media reports. Anbang has reportedly signed a memorandum of understanding to acquire the 57.5% stake in the Korean insurer […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.


Visit the original source and full text: China Money Network