Jinshi Insurance to be set up
(chinadaily.com.cn)
Updated: 2007-07-19 15:02
Updated: 2007-07-19 15:02
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According to an announcement by Jiangsu Sainty, 12 corporations will jointly establish Jinshi Property Insurance Corporation with 1.7 billion yuan (US$224.8 million) in Nanjing Jiangsu Province.
Jiangsu Guoxin Investment Group Ltd, the biggest shareholder, will invest 340 million yuan into the new firm and account for 20 percent of its stake.
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The full text is available in the July Issue ofChina Insurance.
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