Ping An to acquire 20% stake in builder China Fortune for $2b

Ping An to acquire 20% stake in builder China Fortune for $2b

A logo of Ping An Insurance is seen outside its building in Shenzhen in this February 5, 2013 file photo. REUTERS/Tyrone Siu/File photo

A unit of Ping An Insurance (Group) Co., China’s largest insurer by market value, plans to purchase a 19.7 per cent stake in local developer China Fortune Land Development Co.

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