Hong Kong, April 30, 2015 -- Moody's Investors Service says that Maoye International Holdings Ltd.'s investment in Ping An Insurance (Group) Co of China, Ltd. (unrated), as well as its provision of a guarantee for the repayment obligations of Maoye Logistics Corporation Ltd (unrated) are credit negative, but have no immediate impact on its Ba2 corporate family rating, Ba3 senior unsecured bond rating and negative outlook.

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