Tongyang Life Insurance Co., South Korea's fifth-largest insurer, said Sunday it has offloaded all its shares in the troubled holding company, in an apparent bid to tide over falling credibility. According to the data by the Financial Supervisory Service, the life insurer sold its 4.25 million shares in Tongyang Inc., the de facto holding company of Tong Yang Group, last week at 2.8 billion won (US$2.6 million).
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U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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