Discovery grows footprint

HEALTH insurer Discovery Holdings will take a 25percent stake in China's Ping An Health as it seeks to grow its footprint.

HEALTH insurer Discovery Holdings will take a 25percent stake in China's Ping An Health as it seeks to grow its footprint.

The deal will also help Ping An Health, the health insurance unit of Ping An Insurance, to boost its product line and improve its risk management structures. Discovery said yesterday the deal was not expected to have a vital impact on profit. - Reuters

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