SINOPEC PLANS STAKE IN ANBANG PROPERTY & CASUALTY INSURANCE (Asia Pulse via Yahoo! Australia & NZ Finance)
SINOPEC PLANS STAKE IN ANBANG PROPERTY & CASUALTY INSURANCE (Asia Pulse via Yahoo! Australia & NZ Finance)
Transport China Petroleum and Chemical Corporation (Sinopec), the country's largest oil refiner, plans to pour 338 million yuan (US$41.7 million) into Anbang Property & Casualty Insurance Co for a 20 per cent stake to become the joint largest shareholder with Shanghai Automotive Industry Corp, an insider told China Daily.
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