BANGKOK Dec 10 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