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A man walks past Anbang Insurance Group Co in Beijing on Sunday. Photo: CFP
China's Anbang Insurance Group Co has expressed interest in buying a controlling stake in South Korea's Tong Yang Life Insurance Ahkello Witherspoon 49ers Jersey , Reuters reported on Thursday, citing a source familiar with the matter.


Experts said the move, if true, would not be surprising given Anbang's rapid expansion.


The Korea Economic Daily, a leading newspaper in South Korea Reuben Foster 49ers Jersey , reported on Thursday that Anbang had inked a memorandum of understanding to buy a 57.5 percent stake in Tong Yang Life owned by South Korean private equity (PE) firm Vogo Investment for around 1.1 trillion won ($1.01 billion).


The newspaper did not name its sources.


Neither Vogo nor Anbang Insurance could be reached for comment by press time.


Established in 2005, Vogo is a leading PE firm in South Korea, with more than $2 billion in assets under management, according to the company's website.


Vogo first acquired its stake in Tong Yang Life in 2006, but decided to sell it in 2011 Solomon Thomas 49ers Jersey , Reuters reported.


"More and more overseas mergers and acquisitions carried out by Chinese companies are involving PE firms. This pattern became clearer in 2014," Zhuo Zhicheng, a senior partner at Pricewaterhouse Coopers in Beijing, told the Global Times Thursday.


The process generally involves buying stakes in overseas companies that are owned by the PE firms, Zhuo said.


Beijing-based Anbang Dante Pettis 49ers Jersey , which offers insurance and asset management services, was already in the media spotlight after Southern Weekly, a newspaper in Guangzhou, capital of South China's Guangdong Province, publicly apologized on Monday for implying that powerful political connections had fueled its rapid growth.


"I would not be surprised if the news of Anbang's new equity investment is true Mike McGlinchey 49ers Jersey ," an industry insider who declined to be named told the Global Times on Thursday.


The acquisition would require regulatory approval in South Korea.


Anbang, one of China's largest insurers, was founded in 2004 by seven companies, including Shanghai Automotive Industry Group and Traveller Automobile Group.


The insurer has already made several large acquisitions, both in China and abroad Joshua Garnett Elite Jersey , notably its $1.95 billion purchase of New York's famed Waldorf Astoria Hotel on October 6, 2014.


On October 13, 2014, Anbang also announced it had purchased a 100 percent stake in Fidea, a Belgium-based insurer.


Chinese insurers' appetite for overseas assets has been increasing since the sector was allowed to invest abroad in 2012.


By the end of 2014 Kentavius Street Elite Jersey , outbound investment by domestic insurers totaled $24 billion, with about 20 percent going into property and most of the rest flowing into stocks and equities, Zhou Yanli, vice chairman of the China Insurance Regulatory Commission, said at a press briefing in Beijing on January 23 Tarvarius Moore Elite Jersey , 2014.


Ping An Insurance (Group) Company of China, China's second-largest insurer by market value, acquired Tower Place, an office building in London, on January 23 2015.


This followed its 260 million pound ($394.9 million) acquisition of the iconic Lloyd's Building in London's financial district in July 2013.


A group led by Ping An Insurance's major rival China Life Insurance Co bought an office building in Canary Wharf in London for 795 million pounds in June 2014.



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By Ben Ochieng


NAIROBI， April 24 (Xinhua) -- Samson Katam is one of the first Kenyans to hold qualification in sports coaching， and by his deft hands some of Kenya' s greatest athletes have passed.


Going about his normal police duties in the far-flung Wajir County in northeastern Kenya in the 1990s， little did Administration Police (AP) head coach Katam know that two decades later he would be listed among Kenya' s best athletics coaches.


His long and winding journey started coming to fruition at the turn of the new Millennium when he was posted to Nairobi after serving the AP for eight years.


""Upon transfer to Nairobi I requested for exemption from regular duty to concentrate in athletics; a request that was granted and thus marked a major turning point in my career，"" the former 1，500m runner told Xinhua during an interview on Sunday.


He represented the AP in various competitions at the time when his outfit was still not affiliated to Athletics Kenya， which denied athletes from the department the necessary-needed recognition.


""I enrolled at Malezi College located in Nairobi in 2006 for a course in Sports Coaching where I was one of the pioneer students at a time when the institution was the only one offering the course in the country，"" he reminisced.


An alumnus of Moi University， Katam' s coaching career has grown by leaps and bounds. It was while at Malezi College that he was handed the mantle of steering AP athletics team as head coach armed with a Diploma in Sports Coaching.


In 2008， Administration Police Athletics Province was finally affiliated to Athletics Kenya， marking a milestone for the department that previously lurked in the shadows of its disciplined counterparts - Kenya Defense Forces， Kenya Police and Kenya Prisons - athletics wise.


Administration Police has since merged with the Kenya Police to form what is today known as the Kenya Police Service; a move that he says has been an ardent motivational factor for athletes.


Among those in his stable as his charges include former world marathon record holder， Patrick Makau， and former world marathon champion， Abel Kirui.


Katam says he has trained over 30 top-notch coaches who are currently serving in different parts of the country.


In 2010， Katam used the diploma from Malezi College to enroll for another Diploma in Sports Management at Moi University before enrolling for a degree course at Moi University.


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