AIA said to near deal for Bank of East Asia s life insurance arm dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
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In the summer of 2019, Nabela Qoser, a broadcast reporter, became the face of Hong Kong’s adversarial press. The city was in deep political crisis. Anti-Beijing protests numbering in the hundreds of thousands of people had erupted over a government push to allow the extradition of suspected criminals to mainland China. Then, one evening during an unusually hot July, a mob of men dressed in white, bearing metal rods and bamboo poles, attacked a crowd in a train station that included people returning home from the protests. The police, claiming to be busy elsewhere, did not immediately arrest the assailants. At a news conference the next morning, the city watched as Qoser fired rapid questions at Carrie Lam, Hong Kong’s pro-Beijing leader.
AIA, China Strategic among bidders for Bank of East Asia s life insurance unit: sources businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Deal valued at around $500m
Hong Kong-based insurance giant AIA is rumoured to have bid for the life insurance operation of Bank of East Asia (BEA).
There a number of firms interested in the business, according to newswire
Bloomberg.
Speculation that the sale of the life insurance unit could raise between $500m to $600m (£437m, €495m).
‘No certainty’
China Strategic, an investment company backed by billionaire Henry Cheng, is also keen on the operation.
In a Hong Kong stock exchange filing on 2 February 2020, China Strategic said: “The company notes from recent news report that the company has been named as one of the final bidders for the Bank of East Asia’s life insurance unit (BEA Life).
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