China Business News: Ping An says to fund Shenzhen Dev't Bank deal internally

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Ping An says to fund Shenzhen Dev't Bank deal internally

Jun. 15, 2009 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, has no fundraising pressure to pursue its acquisition of a 30% stake in Shenzhen Development Bank Co Ltd (SDB)<000001>, the Standard reported, citing group president Louis Cheung Chi-yan as saying.Ping An is not under any fundraising pressure, and the SDB deal will be ful

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