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BRIEF-Ping An Insurance's unit Ping An Life to invest in Tsumura's private placement
September 22, 2017 / 9:53 AM / 3 months ago

BRIEF-Ping An Insurance's unit Ping An Life to invest in Tsumura's private placement

Sept 22 (Reuters) - Ping An Insurance Group Co of China Ltd

* Says it enters into a strategic cooperation agreement with Tsumura & Co

* Says to invest 1.6 billion yuan ($242.81 million) in Tsumura’s share private placement

* Says unit Ping An Life will hold 10 percent stake in Tsumura after transaction, becoming Tsumura’s largest shareholder

Further company coverage: ($1 = 6.5895 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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