Thailand’s CP Group offloads another $2b worth of stake in Chinese insurer Ping An
The Ping An Insurance Group Co. logo is displayed atop the Ping An International Financial Center (IFC) in Beijing, China, on Wednesday, Aug. 9 2017. Photographer: Qilai Shen/Bloomberg
Thai conglomerate Charoen Pokphand Group Co. Ltd. (CP Group) has offloaded another HK$16 billion ($2 billion) of its holdings in Ping An Insurance (Group) Co. of China Ltd., in the wake of the insurance giant’s muted profit growth in the first quarter of this year.
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