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NWS Holdings Ltd (0659.HK)

0659.HK on Hong Kong Stock

17.26HKD
16 Jan 2019
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Fri, Dec 28 2018

Hong Kong's NWS Holdings to buy FTLife Insurance for $2.8 billion

HONG KONG Hong Kong's NWS Holdings Ltd has agreed to buy FTLife Insurance Co Ltd for HK$21.5 billion ($2.8 billion) from Chinese financial holding firm JD Group, in the biggest-ever insurance acquisition deal in the Asian financial hub.

UPDATE 1-Hong Kong's NWS Holdings to buy FTLife Insurance for $2.8 bln

HONG KONG, Dec 28 Hong Kong's NWS Holdings Ltd has agreed to buy FTLife Insurance Co Ltd for HK$21.5 billion ($2.8 billion) from Chinese financial holding firm JD Group, in the biggest-ever insurance acquisition deal in the Asian financial hub.

Hong Kong's NWS Holdings to buy FTLife Insurance for $2.75 bln

HONG KONG, Dec 27 Hong Kong's NWS Holdings Ltd has agreed to acquire FTLife Insurance Co Ltd for HK$21.5 billion ($2.75 billion) from Beijing-based financial holding firm JD Group, aiming to diversify its business from infrastructure and services.

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