| A consortium of Chinese investors including Yunfeng Capital ended talks to acquire a $5.7 billion stake in New China Life Insurance Co. from China’s sovereign-wealth fund due to difficulty in agreeing on a price and other terms after a sharp run-up in the insurer’s shares.
The talks to buy the 31.3% stake held by China Investment Corp. were led by Chinese billionaire Shen Guojun, a co-founder of Yunfeng Capital and chairman of shopping mall operator Intime Retail (Group) Co. , according to people familiar with the situation...............................................Full Article: Source
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