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China's Anbang says chairman steps aside, after report of his arrest


By Matthew Miller and Koh Gui QingBEIJING/NEW YORK (Reuters) - Anbang Insurance Group, one of China's most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable to fulfill his duties, just over a week after denying reports he had been barred from leaving the country.The brief statement, citing only unspecified personal reasons for moving Wu Xiaohui aside, came hours after Chinese magazine Caijing reported the chairman had been taken away for investigation. The article, citing unnamed sources, was removed shortly after it was posted online.Anbang said Wu's ...

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First Published: Wed, June 14 2017. 09:31 IST