Pricing Row Gives SDB, Ping An Merger Jitters

Since China Ping An Insurance Group Co. acquired a controlling stake in Shenzhen Development Bank (SDB) earlier this year, plans for the bank merger have been up in the air.

The basic strategy is to integrate SDB and Ping An Insurance's banking unit Ping An Bank. But the steps toward execution have been slow, generally due to the complexity of the deal and perhaps most importantly because various stakeholders have been squabbling over price.