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Updated: 2013-01-09 07:23
( China Daily)

Ping An falls on report of acquisition loan halt

Ping An Insurance (Group) Co fell by the most in more than five months in Hong Kong trading after a media report that China Development Bank Corp halted loans for Charoen Pokphand Group Co's purchase of a stake in the insurer. Ping An tumbled 4 percent, the most since July 23, to HK$68.15 ($10.81) at the close of trading. The lender called off its HK$44 billion loans in December after learning about the existence of undisclosed Chinese investors behind the purchase, Caixin Online reported on Tuesday, citing an unnamed person.

African oil flows shifting to Asia as US imports drop

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