ACR confirms regulatory clearance

ACR Capital Holdings has confirmed that the Chinese regulator
has provided clearance for its acquisition by Shenzhen Qianhai
Financial Holdings and Shenzhen Investment Holdings.
The Insurance Insider first broke the
news of theNational Development and Reform Commission (NDRC) of the
People's Republic of China's green light on 26 April.ACR group CEO Hans-Peter Gerhardt said: "The clearance from
NDRC is a key step forward towards completion. All parties involved
are now focused on the final comple