Jul 21, 2022 05:19 AM

FINANCE

Tomorrow Holding’s Bankrupt Insurance Unit Seeks Investors

What’s new: E An Property & Casualty Insurance Co. Ltd., a bankrupt insurance unit of embattled private conglomerate Tomorrow Holding Co. Ltd., is inviting strategic investors for a reorganization in hopes of reviving its business.

The bankruptcy administrator of E An posted an investor recruitment statement on a public platform for bankruptcy reorganization cases Wednesday, less than a week after the company was cleared to start bankruptcy proceedings.

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