News China27 Sep 2019

Dajia takes ETF route to sell equities

27 Sep 2019

Dajia Life Insurance has effectively sold part of its stake in state-owned China State Construction Engineering by swapping the equity for shares in three exchange-traded funds (ETFs), cutting its holding to 8.59% from 11.06%, the Shanghai-listed construction and engineering group has announced. A total of 1.038bn shares were exchanged in a deal worth around CNY6bn ($841m).

eWeekly China Newsletter is available to eChina subscribers only.

Please login to read the full news

Please Click here to subscribe eChina.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments

Other News

Follow Asia Insurance Review