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GIC joins investor group led by Jack Ma-backed Yunfeng Financial to acquire MassMutual Asia

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GIC, together with several Asia-based investors, has agreed to acquire Hong Kong-based MassMutual Asia Ltd from Massachusetts Mutual Life Insurance Company.

[SINGAPORE] GIC, together with several Asia-based investors, has agreed to acquire Hong Kong-based MassMutual Asia Ltd from Massachusetts Mutual Life Insurance Company.

The investor group is led by Yunfeng Financial Group, the financial services company backed by Alibaba founder Jack Ma.

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