China's Zhongtian Financial says to buy up to $4.7b stake in Huaxia Life

China's Zhongtian Financial says to buy up to $4.7b stake in Huaxia Life

Chinese Yuan bank notes. Photo: Bloomberg

China’s Zhongtian Financial Group Co Ltd 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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