Singapore Insurer to Buy New China Life Shares

（Beijing）--Singaporean insurance company Great Eastern Holdings announced on November 28 that it will subscribe a purchase US$ 380 million worth of shares in New China Life Insurance Co.'s prepared Hong Kong initial public offering (IPO). 

New China Life, China's fourth largest life insurer by market share, is preparing for a Hong Kong and Shanghai dual listing to issue 412.2 million H-shares and 158.5 A-shares, which are expected to be launched in mid-December.