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Intime sells shares

China Life Insurance (Group) Co, parent of the nation's largest insurer, agreed to buy HK$234.4 million (US$30 million) of Intime Department Store (Group) Co shares in the company's Hong Kong initial public offering. Intime, the largest department store operator in Zhejiang Province, is selling 450 million new shares, a 25 percent stake, at HK$4.36 to HK$5.39 apiece to raise as much as HK$2.43 billion to fund expansion on the mainland. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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