I’m not too familiar with AngBang, but what you say sounds right.
https://en.wikipedia.org/wiki/Anbang_Insurance_Group
Looks like the $4 billion dollar deal is off
https://www.nytimes.com/2017/03/29/nyregion/talks-end-between-kushners-and-chinese-company.html?em_pos=small&emc=edit_dk_20170329&nl=dealbook&nl_art=8&nlid=70726928&ref=headline&te=1&_r=1