RISKSA Magazine - - International News -

Shang­hai devel­oper ex­plores in­vest­ment in in­surer Shang­hai-based devel­oper, Fu­ture Land, is look­ing into in­vest­ing in mid-sized in­sur­ance com­pa­nies to broaden their fund­ing op­tions. Chair­man, Wang Zhen­hua, stated in a re­lated in­ter­view in Hong Kong that liq­uid­ity from an in­sur­ance com­pany would com­ple­ment any cash flow short­ages in the prop­erty busi­ness. Fu­ture Land would be fol­low­ing in the foot­steps of com­pa­nies like Coun­try Gar­den Hold­ings Co., who has of­fered to sell a stake to China’s sec­ond-big­gest in­surer – Ping An In­sur­ance Group Co., in seek­ing op­por­tu­ni­ties in the in­sur­ance and fi­nan­cial sec­tors. The com­pany had yet to find a suit­able tar­get.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.