- November 8, 2023
- Posted by: legaleseblogger
- Category: Related News
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## Ping An Insurance Group Sells Shares in Country Garden Holdings Co
On November 8, 2023, Ping An Insurance Group announced the sale of all its shares in Country Garden Holdings Co, with no plans to acquire the distressed developer. Chinese authorities had previously requested Ping An Insurance to take a controlling stake in Country Garden, indicating a significant shift in the company’s investment strategy.
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