Allianz China Life to Become Wholly-Owned Subsidiary of Allianz China Insurance Holding
Allianz (China) Insurance Holding Co., Ltd. (AZCH) and CITIC Trust Co., Ltd. (CITIC Trust) have signed an equity transfer agreement for AZCH to acquire 49 per cent of the shares of Allianz China Life Insurance Co., Ltd (AZCL) from CITIC Trust. After the transaction, AZCL will become a wholly-owned subsidiary of AZCH. The transaction remains subject to local regulatory approval.
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