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China Life Asset Mgmt Company Joins Stake in Subsidiaries of Ansteel Group with RMB10.5B
Recommend 9 Positive 15 Negative 7 |
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China Life Asset Management Company announced its recent participation in the "Ansteel Group Capital Increase Project" as a trustee by utilizing funds entrusted by China Life Insurance Company and tripartite organizations, with a total size of approximately RMB10.5 billion. The funds under this project were primarily invested in Ansteel Bensteel and Pangang Mining, the core subsidiaries of Ansteel Group. As at the end of 3Q24, the investment scale of the group's insurance funds directly serving the real economy was nearly RMB4.9 trillion. AAStocks Financial News |
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