Temasek-backed ACR Capital calls off sale to Shenzhen govt group

Temasek-backed ACR Capital calls off sale to Shenzhen govt group

Images Of Chinese Yuan Banknotes. Photo: Reuters

A planned sale of ACR Capital, the holding firm for a Singapore-based reinsurer, to a Shenzhen government-owned consortium has been called off after the consortium flagged it would not be able to close the deal this year, ACR‘s chief executive said.

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