he investors in Beijing-based life insurer Happy Life filed a letter of complaint with the Hong Kong stock regulators, arguing that Cinda failed to fulfil its original agreement to float the insurance firm. Photo: Reuters
he investors in Beijing-based life insurer Happy Life filed a letter of complaint with the Hong Kong stock regulators, arguing that Cinda failed to fulfil its original agreement to float the insurance firm. Photo: Reuters

Investors in Cinda subsidiary cry foul

Compensation demanded as bad-asset manager prepares to float, with investors claiming Cinda reneged on promise to float insurer Happy Life

he investors in Beijing-based life insurer Happy Life filed a letter of complaint with the Hong Kong stock regulators, arguing that Cinda failed to fulfil its original agreement to float the insurance firm. Photo: Reuters
he investors in Beijing-based life insurer Happy Life filed a letter of complaint with the Hong Kong stock regulators, arguing that Cinda failed to fulfil its original agreement to float the insurance firm. Photo: Reuters
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