• Sat
  • Sep 20, 2014
  • Updated: 10:14pm

Credit Rating

Sun Life buys CMG Asia in $3.5b deal

Canadian firm's purchase marks biggest takeover in HK life insurance sector

Thursday, 7 July, 2005, 12:00am

Sun Life buys CMG Asia in $3.5b deal

Canadian firm's purchase marks biggest takeover in HK life insurance sector

Sun Life Financial, Canada's largest life insurer, will buy CMG Asia and sister firm CommServe Financial for $3.5 billion in cash, in what could mark the beginning of a long-overdue consolidation in Hong Kong's profitable but crowded insurance sector.

7 Jul 2005 - 12:00am

Global reach makes CNOOC's Unocal bid look sharp

In offering to buy United States oil company Unocal Corp for US$67 per share, CNOOC has shown it is prepared to pay elevated prices for international oil and gas reserves.

24 Jun 2005 - 12:00am

Business digest

property revaluation helps CRE double profit

Gains in property revaluation and strong growth in retail operations more than doubled the net profit of red-chip conglomerate China Resources Enterprise to $660.08 million in the first three months of this year from $319.91 million a year ago.

1 Jun 2005 - 12:00am

In brief

Profit increases 183pc at sinopec shanghai

24 Mar 2005 - 12:00am

CLP seals purchase of $13b energy assets in Australia

Utility believes the deal should lead to additional downstream power projects

CLP Holdings has sealed the purchase of energy assets in Australia in an A$2.12 billion ($13.17 billion) deal that paves the way for further moves into the country's downstream electricity market.

10 Mar 2005 - 12:00am