Mar 02, 2015 05:51 PM

Attempt to Gain New Investor Failed, New China Life Insurance Says

By staff reporters Yu Ning, Qu Yunxu and Ding Feng

(Beijing) – New China Life Insurance Co. Ltd. (NCI) said on March 1 its plan to bring in a new strategic investor failed due to disagreements on major issues.

The Shanghai- and Hong Kong-listed firm resumed trading of its shares on March 2. It suspended them on January 19, saying that it was looking for a strategic investor with a "leading status in the Internet industry."

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