News Snapshot:
AIA Group has announced plans to acquire a stake in the life insurance arm of the China Post Group for 12 billion yuan (US$1.86 billion) as it continues to expand its presence in mainland China. Hong Kong’s biggest publicly traded life insurer will buy a 24.99 per cent stake in China Post Life Insurance through its wholly owned subsidiary, AIA Company, subject to regulatory approval, according to a filing to the Hong Kong stock exchange after trading hours on Tuesday. “AIA’s investment in China Post Life is highly complementary to our strategy in China and enables the group to capture...
