Thu 06/01/2023 04:50 AM
Sino-Ocean Group has told certain investors that a working group currently conducting due diligence at the company is performing a routine practice which happens every year, according to three sources familiar with the matter. The company has also said it is close to selling its elderly care property business to China Life Insurance Co., the same sources said.
The working group consists of representatives from two of Sino-Ocean’s largest shareholders - China Life (29.59%) and Dajia Life...
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