Sino-Italian Property Insurance Co., Ltd. issued an announcement stating that according to the “China Financial Supervisory Authority's Beijing Supervisory Authority's Approval on the Change of Shareholders of Sino-Italian Property Insurance Co., Ltd.”, China Petroleum Group Capital Co., Ltd. agreed to transfer 51% of the company's shares to Generali Insurance Co., Ltd. After the transfer, Generali Insurance Co., Ltd.'s shareholding ratio was 100%, and CNPC Capital no longer holds shares in Sino-Italian Financial Insurance. This means that Chinese capital will completely withdraw from Sino-Italian financial insurance.
中外合资“变身”外资独资 中意财险公告股东变更
Sino-foreign joint venture “transforms” into wholly foreign-owned Sino-Italian financial insurance announces shareholder changes
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