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BRIEF-Soochow Securities to buy shares in Soochow Life Insurance for 343 mln yuan
December 13, 2016 / 8:48 AM / 9 months ago

BRIEF-Soochow Securities to buy shares in Soochow Life Insurance for 343 mln yuan

Dec 13 (Reuters) - Soochow Securities CO Ltd

* Says it plans to buy 309 million shares in Soochow Life Insurance at 1.11 yuan per share for 343.0 million yuan ($49.70 million)

* Says it will own 7.73 percent stake in Soochow Life Insurance after transaction

Source text in Chinese: bit.ly/2hsufxX

Further company coverage: ($1 = 6.9019 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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