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BIZCHINA> Reports
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Minsheng Life attracting more foreign funds
By Tu Lei (chinadaily.com.cn)
Updated: 2007-07-27 14:18
The insider said that enterprises from England and the United States are busy talking about stake purchases, and Minsheng Life is expected to decide between the two for a cooperation partner by the end of this year. Minsheng Life has initially raised 959 million yuan (US$126.79 million) from 19 shareholders. In the second stage, the company will issue 913.5 million shares, and the capital raised by floating shares will be collected on November 30. ... The full text is available in the July Issue ofChina Insurance. (For more biz stories, please visit Industries)
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