Formerly part of the American International Group (AIG), which required a US government bailout at the height of the global financial crisis in 2008, Hong Kong-based American International Assurance (AIA) separated from the group in 2009. A plan for UK-based Prudential to buy AIA for US$35.5 billion fell through, and AIA held an initial public offering in Hong Kong in 2010, raising US$2
The latest development came as Barry Cheung resigned from his positions in major businesses - as a board member of Russian aluminium producer United Co Rusal and as an independent non-executive director of AIA Group Limited.27 May 2013 - 4:21am
AIA Group's net income rose to US$3 billion, or 25.1 US cents a share, in the year to November from US$1.6 billion, or 13.3 US cents a share, a year earlier, the company said in a statement to the stock exchange yesterday. The figure beat the US$2.7 billion average estimate of 12 analysts.28 Feb 2013 - 5:23am
Insider deals remained low last week, with just 28 transactions worth HK$5.5 million based on filings made to the stock exchange for the period February 18 to 22. The figures were not far off the previous week's 2-day totals of 13 trades worth HK$5.1 million.25 Feb 2013 - 4:52am
Insurance giant AIA Group is buying Stanhope House in Quarry Bay from Hang Lung Properties for HK$2.4 billion.
With a floor area of 299,615 square feet, the price tag translates into HK$8,003 per square foot.
AIA would use the premises for its "own office usage and investment purposes", the company said in a statement.20 Oct 2012 - 3:14am
AIA confirms it is buying ING Malaysia
AIA, the third-largest Asia-based insurer, agreed to buy ING's insurance business in Malaysia for about €1.3 billion (HK$13 billion) in its largest acquisition as a listed company. The purchase will boost the percentage of profit AIA gets from Malaysia to 13 per cent from 8 per cent. Bloomberg
12 Oct 2012 - 3:00am
The emissions inventory for Hong Kong for 2010 released by the Environmental Protection Department on Wednesday made interesting reading. The report goes into some detail on the volumes of the various emissions and their sources. Hong Kong hit its target established in 1997 under the joint scheme set up with Guangdong province.12 Oct 2012 - 3:31am 1 comment
Hong Kong stocks are tipped to open lower, with investors less hopeful of any monetary easing by Chinese policy makers before the Communist Party's crucial 18th Congress, scheduled to start in Beijing on November 8.11 Oct 2012 - 9:02am
AIA Group's shares hit a new high yesterday after news that the third-largest Asian-based insurer was buying ING Group's Malaysian and Thai businesses.
AIA rose 3.6 per cent to a record HK$29.95, before easing to close with a gain of 2.25 per cent at HK$29.55.
It was also the second most-traded stock, with 46 million shares worth HK$1.35 billion changing hands.4 Oct 2012 - 3:10am