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  • April 16, 2014
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  1. Business - China Business - ACQUISITIONS

    New China Life joins ICBC to deny plan to join US$4.2b AIG deal

    Posted Dec 15th 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com New China Life denies deal to join US$4b buyout New China Life Insurance yesterday became the second company to distance itself from a US$4.23 billion ... per cent and that the group of investors was expected to expand to include ICBC International- the bank's brokerage arm- and New China Life Insurance, once regulators in China and the US ...

  2. Business - Companies - ACQUISITIONS

    CK Life Sciences buys Australia's Cheetham Salt for A$150m

    Posted Nov 30th 2012, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Li Ka-shing firm buys Cheetham of Australia for A$150m, giving it a wider geographical coverage and sparking a rally in its shares CK Life adds salt to list of products The share price of CK Life Sciences Int'l jumped 8.3 per cent to 65 HK cents yesterday after the company bought an Australian salt company for A$150 million (HK$1.22 ...

  3. Business - China Business

    China Taiping Insurance may buy asset from parent firm

    Posted Jan 15th 2013, 12:00am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com China Taiping mulls taking 25 per cent stake in life insurance unit in group shake-up Insurer may buy parent's asset China Taiping Insurance may consider acquiring a stake in a life insurance unit from its parent firm, China Taiping Insurance Group, a move analysts said would help prepare the group for a stock exchange listing. ...

  4. Ho the daddy of them all when it comes to his hectic love life

    Posted Jan 27th 2011, 12:00am by Martin Wong

    ... Ng Yuk-hang and Martin Wong Stanley Ho Hung-sun is perhaps the best-known man in the region to openly declare he has four wives. The father of 17 children, Ho changed the four women's lives when he teamed up with them. Ho's first wife, Clementin ...

  5. Bigger MetLife eyes expansion in the region

    Posted Nov 17th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu MetLife, the US insurance company best known for its Snoopy icon and a US$16.2 billion takeover of American Life Insurance Company (Alico), wants to expand in the Asia-Pacific ... countries, up from 17, as Alico has large operations in Latin America, Europe, the Middle East, Japan, and Africa. After the takeover MetLife's total assets stood at US$617.3 billion, up from ...

  6. Ace Group to buy New York Life operations

    Posted Oct 28th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu US-based insurer ACE Group announced it will spend US$425 million (HK$3.29 billion) in cash to buy the Hong Kong and South Korean operations of New York Life. ACE chairman and chief executive Evan Greenberg said yesterday the transaction would benefit shareholders and help ACE to expand in Asia. 'These two life insurance companies are small, solid agency ...

  7. CK Life Sciences pays HK$260m for vineyards

    Posted Nov 09th 2010, 12:00am by Charlotte So

    ... Charlotte So CK Life Sciences is to diversify from the development and sale of agricultural-based nutritional and pharmaceutical products into the business of owning vineyards. The Hong ... an opportunity for CK Life Sciences to participate in the vineyard industry,' said Kam Hing-lam, president and chief executive of CK Life. 'We see bright long-term prospects for CWT.' CK ...

  8. Chinatrust still wants to buy Nan Shan Life from HK partnership

    Posted Jul 07th 2010, 12:00am by Amanda Lee

    ... Amanda Lee Taiwan banking group Chinatrust Financial Holdings says it is still interested in buying Nan Shan Life, which debt-laden American Insurance Group sold to a Hong Kong-based ... it would bid for Nan Shan Life if a second-round auction for the insurer takes place. But he also said Chinatrust would consider buying Nan Shan Life from the Hong Kong bidders if the deal ...

  9. Life settlements can offer healthy returns

    Posted Oct 04th 2009, 12:00am by Debasish Roy Chowdhury

    ... Debasish Roy Chowdhury It is known to generate assured returns, and returns to die for. No wonder, then, that 'life settlement' is being flogged as the next big idea on Wall Street, with some of the top names in the game taking this once-dubious investment to a new level. For the uninitiated, life settlements are second-hand life-insurance contracts originating ...

  10. Respect paves way for a successful life

    Posted Nov 07th 2009, 12:00am by Chris Davis

    ... Chris Davis Ask Sunny Cheung for advice on how to succeed in the financial sector or life in general and he offers a single word: respect. There may be many other worthy attributes required, but respect is the platform that all other skills need to be based on. Cheung, Visa's country manager for Hong Kong and Macau, said he learned how important respect was at the start ...




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