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China Life Insurance Co. an BOC Investment To Buy Shares In BBMG Hong Kong IPO

This is a discussion on China Life Insurance Co. an BOC Investment To Buy Shares In BBMG Hong Kong IPO within the China News forum, part of the Doing Business in China category; China Life Insurance Co. (LFC) and a unit of Bank of China Ltd. (3988.HK) will each subscribe to US$50 million ...

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Old Jul 7th, 2009, 01:35 AM   #1
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Default China Life Insurance Co. an BOC Investment To Buy Shares In BBMG Hong Kong IPO
China Life Insurance Co. (LFC) and a unit of Bank of China Ltd. (3988.HK) will each subscribe to US$50 million worth of shares in BBMG Group Corp.'s Hong Kong listing as cornerstone investors, a person familiar with the situation said Tuesday.

China Life is the country's biggest life insurer by premiums, while Bank of China Group Investment Ltd., or BOC Investment, is a Hong Kong-based investment management company wholly owned by Bank of China.

BBMG, a building materials producer, recently started pre-marketing its US$700 million initial public offering, people familiar with the situation said Monday.

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China Life,BOC Investment To Buy Shares In BBMG Hong Kong IPO - Source
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