Private investors are running their slide rules over Anbang Insurance Group in the hopes of picking up a bargain, but they should be aware some assets will be put on the block faster than others.
The China Insurance Regulatory Commission CIRC and other regulators, said on February 23 that they would formally take control of Anbang with immediate effect until February 22 next year. The insurance watchdog said authorities were holding the former Anbang chairman Wu Xiaohui and will prosecute him for economic crimes.
CIRC indicated it would entertain offers for Anbang’s assets, which poses an interesting opportunity for private investors. Stock analysts are already talking...
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