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8 months ago
BRIEF-Central China Securities updates establishment of Life Insurance Co
December 12, 2016 / 1:44 PM / 8 months ago

BRIEF-Central China Securities updates establishment of Life Insurance Co

Dec 12 (Reuters) - Central China Securities Co Ltd

* announcement relating to obtaining consent from Henan Government to take lead in establishment of life insurance co

* company proposed to act as main promoter in establishment of life insurance co, of proposed registered capital rmb 3 billion

* co contemplated to contribute rmb360 million to capital of life insurance co

* still undergoing negotiations in relation to contemplated transactions; no definitive terms or formal agreement agreed upon Source text (bit.ly/2hfrjGI) Further company coverage:

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