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Ping An Denies Manchester United Links

Ping An Denies Manchester United Links

A Chinese insurance company Ping An has denied speculation on their purchase of Manchester United Shares.

The Insurance company had been reported by the Sunday Times to have interests in purchasing a stake at Manchester United but the insurance company has denied the report.

"The information is false," spokesman Sheng Ruisheng told 21st Century Business Herald.

"Ping An has not been involved in any discussion on purchasing a holding in Manchester United, and [Ping An chairman and CEO] Ma Mingzhe has never owned any shares in Manchester United.

"As a listed company, Ping An releases all information in official statements. Please don't believe rumours."

Ping An is one of the World's largest insurance firms and are listed on both the Shanghai and Hong Kong stock exchanges are the title sponsor of the Chinese Super League.
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