Asia Insurance to benefit as Hong Kong Life agrees sale
Hong Kong Life insurance, 16.6% owned by Hong Kong general insurer Asia Insurance, has agreed to sell to Hong Kong-based investment firm First Origin International for HK$7.1bn (£740m).
The move is being majority funded by financial services group UCF Group - a conglomerate led by Chinese businessman Zhang Zhenxin; UCF was established in 2003 and has headquarters in Hong Kong with
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