China’s Zhongtian Financial to buy up to $4.7 billion stake in Huaxia Life

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SHANGHAI/BEIJING (Reuters) – China’s Zhongtian Financial Group Co (000540.SZ), which has businesses in the real estate and finance sectors, said it planned to buy up to 25 percent of Huaxia Life Insurance for as much as 31.0 billion yuan ($4.7 billion).
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