You are here

Ageas to sell HK unit to China's JD Capital

Hong Kong

AGEAS has agreed to sell its Hong Kong insurance unit to China-based asset manager JD Capital for HK$10.7 billion (S$1.9 billion), the Belgian insurer said on Sunday, exiting a business it acquired eight years ago.

The deal underscores Chinese companies' strong appetite...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to