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Hanwha Life acquires 40% stake in Indonesia s Nobu Bank

Hanwha Life acquired a 40 percent stake in Indonesia s Nobu Bank earlier this month, expanding Hanwha s financial portfolio in the Southeast Asian market, the insurance firm announced Monday.

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Hanwha Life secures 40% stake in Indonesian lender

Hanwha Life, a major insurer under the Korean conglomerate Hanwha Group, is set to expand its presence in Southeast Asia, having secured a stake in Indonesia's Nobu Bank, according to the insurer on Monday. Hanwha Life acquired a 40 percent stake in Nobu Bank through a deal signed with Indonesia’s Lippo Group, a major conglomerate with businesses spanning Southeast Asia. The deal signing event was held in .

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Hanwha Life taps into global banking through Indonesian investment

Hanwha Life, a leading Korean insurance company and the life insurance subsidiary of Hanwha Group, has made a strategic move into the Indonesian banking sector through a stake purchase. The company announced on Wednesday that its board had approved acquiring a 40 percent stake in Nobu Bank from Indonesia's Lippo Group, marking the first entry of a Korean insurer into the Indonesian banking industry. The decision.

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Hanwha Life enters Indonesian banking sector

Hanwha Life will acquire a 40 percent stake in Nobu Bank in Indonesia, under a plan to expand into Southeast Asia and leap as a global financial group.

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Lippo Karawaci s Revenue Soars by 15 Percent to Rp 17 Trillion in 2023

Lippo Karawaci s Revenue Soars by 15 Percent to Rp 17 Trillion in 2023
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