Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?



Minsheng Life to Acquire Zheshang Fund

By Sinocast Insurance Beat (China) July 14, 2014 6:13AM

BEIJING, July 14, SinoCast -- Minsheng Tonghui Asset Management, an insurance asset management arm under Wangxiang Corporation's subsidiary Minsheng Life, will acquire a 75\% stake in Zheshang Fund, which will lift the stake held by Wangxiang in Zheshang to 100\% as Wangxiang's subsidiary Tonglian Capital Management currently holds a 25\% stake in the target company.

The stake will be acquired by insurance fund and the acquisition is close to an end as the buyer has communicated with China Insurance Regulatory Commission last week.

The move will help Minsheng Life to become the second insurance company entering the field of mutual funds since the promulgation of the measure on piloting the establishment of fund management arms by insurance institutions in 2013.

Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

comments powered by Disqus


 Today's Must Reads

Microsegmentation: The Future of Cybersecurity?

How this Playboy Playmate Became a Better Stock Trader Than You

Long Term Rates Are On The Up…What’s Next?

The Modern Web: So Many Ways to Invest in Wireless Mobile Stocks

It's Time for the Rest of the Country to Legalize Weed


Do you expect a 10% correction by the end of 2015? in Equities.com Polls on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register