Chong Hing Bank, which sold its stake in Hong Kong Life, will get HK$1.18 billion from the sale, allowing it to report an unaudited gain at HK$1.09 billion. The bank’s shares jumped to their highest intraday level since September 2015. Photo: SCMP

UCF Capital buys Hong Kong Life as Chinese funds rush into city’s insurers

The HK$7.1 billion takeover of Hong Kong Life boost share price of Asia Financial, Chong Hing Bank

Topic |   Mergers & Acquisitions

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Chong Hing Bank, which sold its stake in Hong Kong Life, will get HK$1.18 billion from the sale, allowing it to report an unaudited gain at HK$1.09 billion. The bank’s shares jumped to their highest intraday level since September 2015. Photo: SCMP
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