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ICBC's Plan to Invest in Cathay Venture in Shanghai May Fail, Daily Says

By Weiyi Lim -

Industrial & Commercial Bank of China Ltd.’s plan to invest in Cathay Life Insurance Co.’s venture in Shanghai may fail because Cathay wants to retain a controlling stake, the Economic Daily News reported, without saying where it got the information.

To contact the reporter on this story: Weiyi Lim in Taipei at wlim26@bloomberg.net

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