Thai CP Group to explore new ventures with Ping An
BANGKOK Dec 10 (Reuters) - Thailand's Charoen Pokphand Group said on Monday it hoped to explore the opportunity to create and develop new business ventures with Ping An Insurance , the Chinese firm in which it bought a 15.6 percent stake last week.
"Charoen Pokphand Group is confident that any business alliance which may be developed with Ping An will mutually benefit Ping An and Charoen Pokphand Group and its group companies," the Thai conglomerate said in a statement.
It was the first statement by CP Group since it bought a minority stake in Ping An for $9.38 billion from global bank HSBC last week in Asia's second-largest deal this year. The group is controlled by Thailand's richest man, Dhanin Chearavanont.
- Search for Malaysian plane may extend to Indian Ocean - U.S |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- New York City gas explosion subject of federal probe |
- White House tried to mediate dispute between Senate, CIA panel: source
- UPDATE 1-U.S. investigators suspect missing Malaysian plane flew for hours -WSJ