• Thu
  • Dec 18, 2014
  • Updated: 9:12pm


Ping An files arbitration claim against Brussels over investment loss in Fortis

Based in Brussels, Fortis was a costly investment for Ping An.

Ping An Insurance (Group), the country's second-biggest insurer, has filed an international arbitration claim against the Belgian government in an attempt to recover losses from investments in what was once the European country's largest financial services group, Fortis.

Tuesday, 25 September, 2012, 3:56am

Hospital site offer not unreasonable

More than 30 organisations expressed interest when the government said it would offer four sites for new private hospitals to address an imbalance of supply and demand between the majority of doctors, who work in the private sector, and the 90 per cent of patients who use public hospitals.

15 Aug 2012 - 10:54pm

Talking points

Our editors will be looking ahead today to these developing stories ...

Suspect in court over attack on villager

27 Jul 2012 - 12:00am

Placements - a capital idea or just another case of shares for the big boys?

Placings or block trades are a popular way for listed companies to raise equity from the markets. Commonly done overnight, these large share sales can quickly raise a lot of money for a firm.

During the 2008-09 credit crisis, global financial institutions such as Citigroup, UBS and Bank of America placed new equity to recapitalise their damaged balance sheets.

28 Nov 2011 - 12:00am

Fortis says Ping An stake deal at fair price

Fortis, the Belgian-Dutch financial services group, said Ping An Insurance (Group)'s purchase of a 4.99 per cent stake in the company was at a fair price despite investor criticism of the timing of the deal.

8 Apr 2008 - 12:00am

Ping An buys 50pc of Fortis asset manager

Mainland insurer makes push on to world stage with ?2.15b purchase

Ping An Insurance (Group) has made a key move to expand overseas by agreeing to pay Euro2.15 billion (HK$25.36 billion) for a 50 per cent stake in the global asset management arm of Belgian financial conglomerate Fortis.

20 Mar 2008 - 12:00am

Fortis aims for joint services with Ping An

Belgian-Dutch financial group Fortis is interested in a team-up with Ping An Insurance (Group) in private banking and asset management services after the mainland's second-biggest insurer took a sizeable stake in Fortis last week.

3 Dec 2007 - 12:00am

Ping An acquires key stake in Fortis

Mainland insurer pays Euro1.8b for 4.2pc interest

Ping An Insurance (Group) has become the latest mainland heavyweight to open its international reserves, paying Euro1.81 billion (HK$20.79 billion) for a stake in the Belgian-Dutch financial group Fortis.

30 Nov 2007 - 12:00am

Bank arm wants top manager

A leading trust and corporate services company is seeking a top-performing manager with a company secretary background.

Fortis Intertrust Hong Kong, wholly owned by Fortis Bank, has 30 offices in 24 countries and 1,200 staff.

28 Apr 2007 - 12:00am

Heads Up

Rate fears take hold but market is abuzz with IPOs

Worries that the Chinese central bank will soon raise interest rates again will be hanging over the market like a dark cloud this week, but expect investors to keep on playing until there's actual rain.

23 Apr 2007 - 12:00am

Fortis expands in Central despite increasing rents

Fortis, a Belgian financial group that agreed to buy control of Pacific Century Insurance, would soon sign a lease for office space at Three Exchange Square, undeterred by rising rents in the prime Central business district, a source said.

4 Apr 2007 - 12:00am

Search on for leading senior fund accountant

Fund accounting is a growing sector of the financial services industry where, among other duties, the responsibility lies in ensuring investments are correctly recorded and dividends properly disbursed.

The senior fund accountant is considered vital to Fortis Prime Fund Solutions' business.

24 Mar 2007 - 12:00am

Richard Li sells insurer in HK$3.5b cash deal

Fortis buys Pacific Century Insurance in a bid to cement foothold in region

Pacific Century Regional Developments has agreed to sell its controlling stake in Pacific Century Insurance Holdings (PCI) to Fortis Insurance International in a deal worth HK$3.53 billion.

2 Mar 2007 - 12:00am

Minsheng makes US$1.5b cash call

Deciding against a pitch to overseas investors, the lender plans to sell stock to its 10 top shareholders

China Minsheng Bank, the mainland's only privately controlled lender, plans to raise about US$1.5 billion by selling stock to its 10 largest shareholders, sources familiar with the transaction said.

3 Aug 2006 - 12:00am

Regulator orders return of funds to companies

China's securities regulator yesterday warned majority shareholders of mainland-listed companies to return borrowed and 'misused' funds or face legal action and administrative penalties.

30 May 2006 - 12:00am