The Anbang offices in Beijing. Sino-Ocean Land, a company controlled by China Life Insurance, is buying Anbang’s equity stakes in a real estate venture in Beijing. Photo: AP

Sino-Ocean first to swoop on Anbang assets since state takeover

News coincides with founder Wu Xiaohui’s conviction earlier in the day to 18 years in prison with US$1.65b worth of his personal properties confiscated

Topic |   Insurance

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The Anbang offices in Beijing. Sino-Ocean Land, a company controlled by China Life Insurance, is buying Anbang’s equity stakes in a real estate venture in Beijing. Photo: AP
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