News Snapshot:
Thailand’s CP Group offloads another $2b worth of stake in Chinese insurer Ping An 18/06/2021 The Ping An Insurance Group Co. logo is displayed atop the Ping An International Financial Center (IFC) in Beijing, China, on Wednesday, Aug. 9 2017. Photographer: Qilai Shen/Bloomberg Thai conglomerate Charoen Pokphand Group Co. Ltd. (CP Group) has offloaded another HK$16 billion ($2 billion) of its holdings in Ping An Insurance (Group) Co . of China Ltd., in the wake of the insurance giant’s muted profit growth in the first quarter of this year. Hong Kong’s largest developers, and richest families, pile into blockbuster seafront...
