RSS Feed
Sharps announced the results of its offer to exchange residential mortgage-backed securities and asset-backed securities insured by financial Guaranty Insurance Company and the status of certain discussions with holders of Eligible Insured Securities as of June 24. According to a release, as of June 24, (i) Eligible Insured Securities representing $2,070,676,900 in current unpaid principal [...]
Archive for June 30th, 2010
Posted in 
China’s Ping An plans to grow banking & investment biz
Posted by gary on June 30th, 2010
The PING AN INSURANCE GROUP OF CHINA (SEHK:2318, SSE:601318) plans to expand its banking and investment business to account for 50 per cent of its total business in four or five years, said Yao Bo, deputy general manager of the Ping An Group said on Tuesday. Currently, Ping An’s insurance business contributes over 60 per [...]
S.KOREAN LISTED FIRMS CLOSING BOOKS IN MAR. SEE ’09 PROFITS SOAR
Posted by gary on June 30th, 2010
South Korea’s listed companies that close their books in March saw their combined earnings nearly double in 2009 thanks to a solid economic recovery, the bourse operator said Wednesday. The combined net profit of 35 financial firms and 15 manufacturers came to 4.95 trillion won (US$4.1 billion) in fiscal 2009, which ended at the end [...]
SDB to Issue at Most CNY 6.9bn Shares to Ping An
Posted by gary on June 30th, 2010
Shenzhen Development Bank (SDB and SZSE: 000001), a nationwide commercial lender, announced suspension on the Shenzhen Stock Exchange from June 30 due to major asset restructuring in the evening on June 29. The bank recently gained approval from the China Securities Regulatory Commission (CSRC) to issue at most 379 million additional shares to Ping An [...]
Taikang Life, Pacific Life Pay Special Bonus
Posted by gary on June 30th, 2010
China Pacific life insurance Co., Ltd. and Taikang life insurance Co. are set to pay special bonus to holders of participating insurance policies. China Pacific Life, currently being the third-largest life insurer in the country, decides to pay a total CNY 860 million such bonus, and Shanghai-listed Taikang Life will pay more than CNY 3.6 [...]
