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China Life Said to Be SEC Target

A U.S.-led investigation would be a setback for other deals proposed for Western exchanges.

> > China Life Insurance Company had a $3.4 billion underwriting last December in New York and Hong Kong, which raised more money than any other initial public offering in the world last year and touched off a wave of deals involving China-based companies. This would reportedly be the first investigation by the SEC into an initial public offering by a state-controlled Chinese group.

Source: CFO


Published:2004-04-06
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