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China: Great Eastern sells 25% stake in its China’s JV

Source: Asia Insurance Review | Oct 2012

Great Eastern Holdings Limited has entered into a conditional sale and purchase agreement with Chongqing City Construction Investment (Group) Co Ltd to sell 25% of its equity interest in Great Eastern Life Assurance (China) Co Ltd (GELC) for a total sum of CNY303 million (US$47 million). 

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