Ping An Insurance buying 10% in Japan drug-maker Tsumura for $244m

Ping An Insurance buying 10% in Japan drug-maker Tsumura for $244m

Ping An sign board. Photo: Bloomberg

Japanese drugmaker Tsumura & Co said on Friday Ping An Insurance Group Co of China Ltd will become its biggest shareholder by acquiring a 10 percent stake for 27.3 billion yen ($243.7 million).

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