People walk past a building of Anbang Insurance Group in Beijing, whose insurance business later came under Dajia Insurance after two years of state rehabilitation. Photo: Kyodo People walk past a building of Anbang Insurance Group in Beijing, whose insurance business later came under Dajia Insurance after two years of state rehabilitation. Photo: Kyodo
People walk past a building of Anbang Insurance Group in Beijing, whose insurance business later came under Dajia Insurance after two years of state rehabilitation. Photo: Kyodo

Anbang Insurance unit sues Mirae of South Korea to complete US$5.8 billion US luxury hotel deal

  • Anbang seeks to compel Mirae to conclude deal after pandemic slams hotel occupancy rate below 10 per cent in many cities
  • Sale and purchase agreement was slated to close on April 17 amid financing problem, people familiar said

Topic |   Coronavirus pandemic
People walk past a building of Anbang Insurance Group in Beijing, whose insurance business later came under Dajia Insurance after two years of state rehabilitation. Photo: Kyodo People walk past a building of Anbang Insurance Group in Beijing, whose insurance business later came under Dajia Insurance after two years of state rehabilitation. Photo: Kyodo
People walk past a building of Anbang Insurance Group in Beijing, whose insurance business later came under Dajia Insurance after two years of state rehabilitation. Photo: Kyodo
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