StanChart plans to sell US$350m HK pension business: sources
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Singapore
STANDARD Chartered plc is seeking buyers for its Hong Kong pension business, valued at about US$350 million, in a deal that would also involve a 15-year distribution agreement with the new owner, people with knowledge of the matter told Reuters.
Suitors including Prudential plc, Principal Financial Group, Sunlife Financial Inc, Metlife Inc and Manulife Financial Corp are expected to take part in the auction, the people added.
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