News China11 May 2018

Sino-Ocean snaps up Anbang real estate assets

11 May 2018

Hong Kong-listed real estate company, Sino-Ocean Land, which is controlled by China Life Insurance, has agreed to acquire a 50% stake in Beijing Bangbang Commercial Property Company, a wholly-owned Anbang subsidiary. The target company is principally engaged in real estate development, sales and rental of commercial properties, property management and engineering survey and design.

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