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This tracker covers possible deals reported by media across Asia-Pacific over a certain period. The information is gathered from various news sources, excludes confirmed deals and is limited to potential acquisitions or sales involving companies or operations in the region. Click here to read the previous month s report. Australia and New Zealand emerged as bright spots for potential deals in Asia-Pacific s financial sector in March, as Westpac Banking Corp. kicked off a review of its New Zealand business and suitors lined up for the potential purchase of Commonwealth Bank of Australia s general insurance business. Westpac, Australia s third-largest bank by assets, said it was considering a possible demerger of its New Zealand business as part of its review concerning an appropriate structure for the business. The bank s March 24 announcement came after the New Zealand central bank flagged concerns over Westpac New Zealand Ltd. s risk governance processes and required it t ....
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.
Article content HONG KONG China Strategic Holdings Ltd. said on Tuesday it has submitted an offer and is among the final bidders for the life insurance business of Hong Kong’s Bank of East Asia (BEA). BEA announced plans last year to sell its wholly owned subsidiary BEA Life after pressure from activist investor Elliott Management for reforms to boost shareholder returns. We apologize, but this video has failed to load. Try refreshing your browser, or Hong Kong s China Strategic has submitted offer for BEA life insurance arm Back to video China Strategic, which provides securities broking and money lending services, said in an exchange filing that the bidding process was ongoing, it may not win the bid, and the deal would require sharholder approval. It did not provide details on any other bidders. ....
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