What now for Anbang? Painful breakup, private investment likely

Following regulators’ takeover, private investors are likely to pick apart the chastened insurance firm.

Private investors are running their slide rules over Anbang Insurance Group in the hopes of picking up a bargain, but they should be aware some assets will be put on the block faster than others.

The China Insurance Regulatory Commission CIRC and other regulators, said on February 23 that they would formally take control of Anbang with immediate effect until February 22 next year. The insurance watchdog said authorities were holding the former Anbang chairman Wu Xiaohui and will prosecute him for economic crimes. 

CIRC indicated it would entertain offers for Anbang’s assets, which poses an interesting opportunity for private investors. Stock analysts are already talking...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222