Ping An Insurance stock slammed after US$11 billion plan to reorganise assets of bankrupt Peking University Founder group
Ping An Insurance stock slammed after US$11 billion plan to reorganise assets of bankrupt Peking University Founder group Ping An and Huafa Group to take up 73 per cent in new entity that will assume Founder’s assets, while 27 per cent is set aside to repay creditors A separate filing in Beijing shows the restructuring could reach between 53.7 billion yuan and 73.3 billion yuan
Source: scmp.com