China Life in talks to buy majority Dazhong stake

    China Life Insurance (Group) is in talks to buy a majority stake in Dazhong Insurance of China for more than 270 million yuan (HK$259.55 million) as the largest life insurer in the country moves to expand into the property insurance market. China Life is offering to pay about 1.3 yuan a share for unlisted Dazhong, said a source familiar with the situation. China Life will buy the shares from some of Dazhong Insurance"s existing shareholders, most of which are state- owned enterprises such as Shanghai Chengtou Corp and Shanghai Dazhong Public Utilities (Group).

Source: The Standard

    https://www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_id=9112&sid=6110835&con_type=1

中国人寿协商收购大中保险股份

    中国人寿保险(集团)公司正在协商出资2.7亿元（2.5955亿港币）收购中国大众保险公司的股份。这将是中国最大的人寿保险公司向财产保险市场进军的标志。内幕人士透露，中国人寿将以1.3元每股的价格收购未上市的大中保险的股份。中国人寿将从大中保险的现有股东手里收购股份，这些股东大多是国有企业，例如上海城投公司和上海大众公用(行情,论坛)事业(集团)。