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OTC Company Touts Acquisition Plans

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NU Online News Service, Dec. 16, 10:48 a.m. – Viking Capital Group Inc., Dallas, says it has hired Hopewell Capital Group Inc., New York, to help it raise $200 million it can use to acquire a U.S. life insurer with assets of about $2 billion.

Hopewell would also act as the portfolio manager for any life insurer that is acquired.

Viking will not buy any companies focusing on health insurance, and it will sell any health insurance operations obtained through a life insurance company acquisition, the company says.

Viking shares trade on the over-the-counter Bulletin Board system. The company says it has been involved with the life insurance industry in China.