The logo of China's Ping An Insurance Group, which bought Newbridge Capital’s stake in Shenzhen Development Bank in 2009 and renamed it Ping An Bank. Newbridge, led by PAG Asia Capital’s current chief executive, made more than 10 times return on its investments in its Shenzhen Bank deal. Photo: Reuters

Yingde’s suitor has track record selling Shenzhen Bank to Ping An

PAG Asia Capital, which came in with a HK6 per share offer for Yingde Gases, is led by the financier who engineered the first foreign investment in a Chinese bank.

Topic |   Banking & Finance

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The logo of China's Ping An Insurance Group, which bought Newbridge Capital’s stake in Shenzhen Development Bank in 2009 and renamed it Ping An Bank. Newbridge, led by PAG Asia Capital’s current chief executive, made more than 10 times return on its investments in its Shenzhen Bank deal. Photo: Reuters
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