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.

This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.

Author Info

This post was written by Sun You can find out more about Sun and his activities on Facebook , or follow him on Twitter .

3 Responses to “China Life to Resume Trading Tomorrow”

  1. Brandon J |  Reply Nov 17, 2006 at 11:20 am

    Hi, I was looking into investing in a software company in Chine…NINE is it’s stock symbol. I just don’t know if you can rely on the financials because of the way the government is.

    I created a blog to help military members with their finances. Let me know if you would like to exchange links. Thanks.


  2. The Sun |  Reply Nov 18, 2006 at 1:13 am

    Hi Brandon:

    Actually, for investing, I am not worried too much too much how the government works than the fundamentals of the company I am interested in. I currently have several Chinese stocks and a ETF and never felt uncomfortable about them. In fact, the performance of my Chinese investments are quite good. If you like the stock NINE, I don’t see why you can’t invest in it.

Leave a Reply