Reorient Group Ltd (0376.HK)
18 Jan 2018
Fri, Aug 25 2017
* HY loss attributable to equity shareholders HK$236.6 million versus loss of HK$220.9 million Source text for Eikon: Further company coverage:
* Massmutual International LLC has bought 800 million shares in Yunfeng Financial Group at average HK$6.5 per share on Aug 17 - HKEx filing
HONG KONG/SINGAPORE Yunfeng Financial Group said it would be the main investor in a $1.7 billion acquisition of insurer MassMutual International's Hong Kong unit - a deal that sent shares in the Jack Ma-backed finance firm soaring as much as 30 percent.
* Yunfeng says deal is milestone step of becoming financial group (Adds details of deal, MassMutual cooperation agreement)
Aug 17 U.S.-based insurer MassMutual said on Thursday it would sell its Hong Kong business to Yunfeng Financial Group and other Asian investors for $1.68 billion in a cash and stock deal.