China Banking and Insurance Regulatory Commission (CBIRC) has issued its approval of Chubb’s additional 15.31% stake purchase in Huatai Insurance Group from Junzheng Group and its subsidiary, with a total purchase price of RMB 7.387 billion. Chubb’s stake in Huatai will increase to 46.21% after completion of the transaction. The latest CBIRC approval represents another important milestone in Chubb’s stake increase in Huatai, following CBIRC’s earlier approvals of multiple transactions that increased Chubb’s stake by 6.18% and 4.75%, respectively. JT&N advised Chubb during the entire course of the series of transactions. The JT&N team was led by senior partners George Yu and Elsie Shi and senior advisor Elizabieth Lan Lan, and team members included Celia Luan, Eileen Liu, Eunice Mao, Vicky Wei and others.
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