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New 皇冠体育app Life postpones IPO

(皇冠体育app Daily)
Updated: 2007-03-14 10:24

New 皇冠体育app Life Insurance, the country's fourth-largest life insurer, postponed its $1 billion initial public offering until at least 2009, according to media reports citing shareholder Zhang Hongwei, chairman of Orient Group Inc.

A protracted investigation by 皇冠体育app's insurance regulator into the company and the replacement in January of Chairman Guan Guoliang caused the delay, the report said.