The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

StanChart plans to sell US$350m HK pension business: sources

Published Thu, May 14, 2015 · 09:50 PM
Share this article.

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here