Ageas to sell HK unit to China's JD Capital
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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 to grow through acquisitions even in the middle of the country's biggest stock market turmoil.
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