Sat, Jan 25, 2014 - Page 14 News List

Funeral group taps aging Asia market

REGIONAL EXPANSION:Taiwan’s Lung Yen Life Service Corp plans to expand its business across the Asia market with designer urns and body spa treatments


The GRETAI Securities Market Index, which includes all stocks that have been listed for more than a month on the nation’s secondary board, fell 0.5 percent.

The company, with a market capitalization of about US$1.1 billion, may also list in Hong Kong, Lee said, without giving a timetable.

Asia’s biggest operator of cemeteries and funeral facilities by market capitalization is China’s Fu Shou Yuan International Group Ltd, which debuted in Hong Kong last month and is valued at about US$1.4 billion, according to data compiled by Bloomberg.

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