Ping An Shares Fall after Deal for Its Shares Hits Rocks

(Hong Kong) – Ping An Insurance Co.'s stocks fell in response to news that a high-profile transaction involving 15.57 percent of its shares may fall apart because bank loans that would have been used to finance the deal had been canceled.

But some analysts said the buyer may have prepared alternative funding to complete the purchase, part of which is still awaiting China Insurance Regulatory Commission (CIRC) approval by February 1.