PICC Asset to invest up to $353m in China's UCAR Group

PICC Asset to invest up to $353m in China's UCAR Group

Image from Maimaiche website.

PICC Asset Management, a subsidiary of People’s Insurance Company of China, has agreed to acquire not exceeding 142.67 million shares in a mobile app-based chauffeurs car service UCAR Group, worth up to RMB2.4 billion ($353 million).

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