Advertisement

Topics

China orders Anbang to sell Waldorf Astoria, other foreign assets: report

05:18 EDT 31 Jul 2017 | Yahoo News

China orders Anbang to sell Waldorf Astoria, other foreign assets: reportChina has ordered Anbang Insurance Group, the conglomerate which owns New York's historic Waldorf Astoria hotel, to sell its overseas assets, Bloomberg News reported Monday. The financial news agency, which cited unidentified people familiar with the matter, said Chinese authorities have told Anbang to bring the proceeds back to China after disposing of holdings abroad. In May the Insurance Regulatory Commission accused Anbang of violating certain provisions and banned the group from filing applications for new insurance products for three months.


Original Article: China orders Anbang to sell Waldorf Astoria, other foreign assets: report

NEXT ARTICLE

More From BioPortfolio on "China orders Anbang to sell Waldorf Astoria, other foreign assets: report"

Quick Search
Advertisement