Shenzhen Qianhai Financial Holdings (QFH) and Shenzhen Investment Holdings Corp (SIHC), two government-owned investment firms, have agreed to buy ACR Capital Holdings Pte Ltd, the owner of Singapore's biggest reinsurance firm, for around US$1 billion. The deal will allow ACR's shareholders including London-based private equity firm 3i Group, Malaysian state investor Khazanah Nasional, Singapore state […]

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