Source:
https://scmp.com/business/china-business/article/1507022/chinese-insurers-circle-beaten-down-property-developers
Business/ China Business

Chinese insurers circle beaten down property developers

Battle for control of Gemdale between Sino Life and Anbang heats up as real estate slump lures cash-rich mainland insurance companies

Developers are keenly watching the battle between Sino Life Insurance and Anbang Insurance for control of Gemdale.

A takeover war for a mainland developer has sent the industry scurrying for cover as cash-rich insurance companies circle amid the continuous slide in property stocks.

Developers are keenly watching the battle between Sino Life Insurance and Anbang Insurance for control of Gemdale for clues to this emerging threat.