People's Insurance Group of China Co Ltd (1339.HK)
23 Jan 2018
* Entered into capital increase agreement with PICC Group and PICC RE
HONG KONG Chinese insurance giant PICC Group is in talks to either acquire or buy a stake in several Southeast Asian insurers and expects some deals to close before the end of the year, a senior executive said on Monday.
* PICC also using stock connect schemes for investment (Recasts and adds executive comment)
HONG KONG, Aug 28 PICC Group, parent of the China's biggest non-life insurer, is in talks with potential targets in Southeast Asia, with deals likely executed before the end of the year, a top company executive said on Monday.