Insurance conglomerate Anbang has said it will take legal action against Chinese financial magazine Caixin and its editor-in-chief, Hu Shuli….
Insurance conglomerate Anbang has said it will take legal action against Chinese financial magazine and its editor-in-chief, Hu Shuli. In a statement on Sunday, Anbang said ran a series of reports that “resulted in severe damages” to the reputation and rights of the insurance company and its chairman, Wu Xiaohui. “Anbang Insurance Group has decided to bring a suit against Caixin Media and its editor Hu Shuli, to defend the legitimate rights of our company and Mr Wu, ” the statement said. could not be reached for comment. Anbang previously issued two statements regarding “untrue” reports. In the first, Anbang said it did not have a cash shortage problem or any loans from China Minsheng Bank, a lender in which Anbang had a 15.
