China’s Kunlun Health Insurance to bag $82 mln investment from SZCG

03/18/2019 10:53:00 AM (GMT)

Chinese insurer Kunlun Health Insurance Co., Ltd. is expecting to secure up to 550 million yuan ($82 million) in an investment round.

The investments are expected to come from Chinese construction company Shenzhen Zhongzhuang Construction Group Co. Ltd (SZCG).

As part of the infusion, Shenzhen Zhongzhuang Construction Group will receive up to 15 percent stake in Kunlun Health Insurance.

Moreso, Shenzhen Zhongzhuang Construction Group will also invest $4.5 million to set up a supply chain unit.

Shenzhen Zhongzhuang Construction Group

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