new china deal, page-2

I see GCN are looking for a foothold in China, but the announcement does not state these companies are doing business with GCN. They have partnered with Novel Orient, who they state have a strong relationship with these companies. The inference is that they will be doing business with them.

Hopefully this is the tip of the iceberg.

I do not see how the insurance market fits into this business model, the only connection I can make is both Peter Stafford and Santino Di Giacomo are listed as directors of the suspended CNC, the suspended PNM and Sam Di Giacomo Non-executive director of Insured Group

The suggestion appears to be that they may sell insurance products through the bid or deal model. Maybe. I'd be surprised.

BTW PNM hold various assets such as rights to a 'Life Be In It' animated series.
http://hotcopper.com.au/asx_announcements.asp?id=272781
which makes sense of the item listed Health and Education Network/Medical Imaging in the initial GCN-P1 ann.
http://hotcopper.com.au/asx_announcements.asp?id=338306