Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout
Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout

Insurer Ping An to acquire stakes in six Raffles City properties from Singapore’s CapitaLand in deal worth up to US$5.1 billion

  • Ping An unit will acquire stakes in Raffles City Shanghai, Raffles City Beijing, Raffles City Ningbo, Raffles City Chengdu, Raffles City Changning (Shanghai) and Raffles City Hangzhou
  • Acquisition will help in ‘appreciation of insurance funds’, Ping An says

Topic |   China property
Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout
Raffles City Hangzhou is among the developments in which Ping An plans to acquire a stake. Photo: Handout
READ FULL ARTICLE