do Chinese citizens know the criminal bushgang has a Chinese arm?
http://www.iht.com/articles/2005/10/18/bloomberg/sxbriefs.phpCarlyle is approved for insurance stake
Carlyle Group, which manages the biggest U.S. buyout fund, on Tuesday received approval from shareholders of China Pacific Life Insurance to buy a $400 million stake, China Pacific officials said.
"More than 90 percent of stockholders approved the transaction," said Liu Rong, head of external affairs at the Shanghai-based China Pacific.
Carlyle and a partner, Prudential Financial, spent more than 18 months negotiating the investment to gain access to increased demand for insurance in China. Shareholders agreed to sell 24.9 percent of China Pacific Life, giving the company funds to plug a shortfall in capital.
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