Archive for November, 2006
China Life to Resume Trading Tomorrow
And the suspension is indeed related to the acquisition of 20% stake of Guangdong Development Bank. According to announcement, China Life will pay about $730 million in cash for the acquisition. Trading of LFC will resume tomorrow at 9:30 am in NYSE.
The announcement can be found here.
Citi Won, LFC Halted
Citigroup announced today that it won a $3.1 billion bid to take control of Guangdong Development Bank, a regional bank with more than 500 branches in south and east China. A consortium led by Citigroup, also including IBM, China Life Insurance, China's State Grid Corp, CITIC Trust, and PuHua Investment, will take 85.6% percent of [...]
For Those Who is the CFO of the Whole Family: Is Your Spouse Financially Prepared?
If you have read Flexo's post "You, Inc.: How to Be the CFO of Your Own Life" at Get Rich Slowly yesterday, you knew what he meant of being the CFO of his own life: managing everything financial himself. Since I started reading posts on Pfblogs.org in August, I noticed from their posts (monthly expenses [...]
Another $50 ShareBuilder Promotion Code
It seems that ShareBuilder.com is pushing for some holiday sales. Today, I got another email from ShareBuilder with a $50 bonus offer to open a new account with them. Since the offer is delivered via the email address I registered with them, I assume that they still allow me to have mutiple accounts, though some [...]
How to be Successful in Investing from Kiplinger — Part IV
Here's a question: If you are given $10,000, would you rather take it now or a year from now?
Of course everybody will choose to put the money in the pocket right away instead of waiting another year and the reasons are simple: 1) If the money will be sitting somewhere other than high yield savings [...]
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