Ping An/Value Partners

Ping An sells remaining stake in Value Partners

Ping An raises $82 million from the sale of its entire 6% stake in the Hong Kong-listed fund manager, two months after its previous sell-down.

<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: ImagineChina</div>

Anette Jönsson

July 05, 2011

The asset management arm of Ping An Insurance has sold its remaining 6% stake in Hong Kong-listed Value Partners through a block trade, raising a total of HK$639.9 million ($82 million). The deal was done at a 9% discount after the market closed last Thursday.

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