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.
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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.
Brandon
http://moneyformilitary.blogspot.com
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.