Thai buyer "has the necessary resources" to buy Ping An stake
Charoen Pokphand Group has refuted suggestions in the media that a lack of funds is threatening to scupper its acquisition of HSBC’s stake in Chinese insurer Ping An.
In an email statement to Bloomberg this morning, the Thai group said it has the resources to complete the planned purchase of a $9.4bn stake.
"The transaction is still under consideration by the China
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