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China Merchants Bank Co Ltd Completes Acquisition of Stake in CIGNA & CMC Life Insurance Company Limited


Thursday, 24 Oct 2013 08:00pm EDT 

China Merchants Bank Co Ltd announced that it has completed the acquisition of 50% stake in CIGNA & CMC Life Insurance Company Limited from a Shenzhen-based investment consulting company. As a result, the Company is holding 50% stake in CIGNA & CMC, and will change its name from CIGNA & CMC Life Insurance Company Limited into CIGNA & CMB Life Insurance Company Limited.