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Anbang says chairman can't perform his duties due to personal reasons

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Since it embarked on a global takeover spree three years ago, Anbang has drawn attention for making preemptive offers and disrupting transactions already in place. Mr Wu (left) has personally negotiated deals without using traditional investment banks.

Seattle

ANBANG Insurance Group Co, the Chinese company that has curtailed a global acquisition spree amid questions about its ownership and financing, said chairman Wu Xiaohui is unable to perform his duties because of personal reasons.

Other senior managers are authorised to carry

sentifi.com

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