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Thailand's Charoen Pokphand to buy HSBC stake in China's Ping An

In what would be the biggest acquisition of a Chinese company by a Thai interest, Charoen Pokphand Group, backed by tycoon Dhanin Chearavanont, has agreed to buy HSBC Holdings' 15.57% stake in Ping An Insurance (Group) Co. The $9.39 billion deal would extend Charoen Pokphand's China investments, which began in the 1970s.

Caijing Magazine online (12/5), The Wall Street Journal (tiered subscription model) (12/5)

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