You are here

Great Eastern sells Vietnam business for S$48.2m

OCBC unit wants to focus more on core markets, including Singapore; buyer is Pacific Century Group's FWD


GREAT Eastern Holdings (GEH), the insurance arm of Oversea-Chinese Banking Corporation (OCBC), has sold its Vietnam business for S$48.2 million to a company linked to Pacific Century Group.

The buyer of Great Eastern Life (Vietnam) is FWD Life Insurance Company (Bermuda