A $5.5 billion selloff in Ping An Insurance Group Co. is underscoring why a mooted takeover of distressed developer Country Garden Holdings Co. would be perilous for both the insurer and the Chinese financial system.
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Ping An Slump Shows Why a Country Garden Deal Would Be Dangerous(Bloomberg) -- A $5.5 billion selloff in Ping An Insurance Group Co. is underscoring why a mooted takeover of distressed developer Country Garden Holdings Co...
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Ping An Loses $3.1 Billion in Value on Country Garden Buy ReportA report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s stock sliding, wiping out $3.1 billion from its valuation.
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Factbox-China property rescue: Who are Ping An Insurance Group and Country Garden?Explore stories from Atlantic Canada.
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Reaction to Reuters report on Ping An, Country GardenExplore stories from Atlantic Canada.
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Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue reportExplore stories from Atlantic Canada.
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Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue reportChina property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked ...
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