FTLife Insurance

NWS Holdings to acquire Hong Kong insurer FTLife for $2.75bn

31st December 2018

New World Development Company Limited (NWD) has announced that its subsidiary, NWS Holdings Limited, plans to acquire the entire issued share capital of Hong Kong insurer FTLife Insurance Company Limited for HK $21.5 billion (US $2.75 billion) in cash. NWD explained that the transaction would enhance the diversified business portfolio of ... Read the full article