Company Overview and News

Li Ka-shing tops insider buy-backs, purchasing 11.2 million shares in CK Asset Holdings

2018-04-22 scmp
The buying fell while the selling among directors was flat based on exchange filings from April 16 to 20. Buyers outweighed sellers with 48 companies that recorded 247 purchases worth HK$1.13 billion (US$144.1 million) versus 16 companies with 73 disposals worth HK$79 million.

‘Painful’ says Exco convener on experience of being investigated by SFC

2017-10-17 scmp
Executive Council convener Bernard Charnwut Chan urged all Mandatory Provident Fund operators to improve their governance standards, warning that his own experience showed it was better to go the extra mile than draw the scrutiny of regulators.

Hong Kong insurer Asia Financial reports doubling of interim profit on investment gains

2017-08-17 scmp
Asia Financial Holdings, which owns one of the largest general insurers in Hong Kong and is headed by the city’s executive council convenor Bernard Chan, reported a 105.5 per cent profit increase in the first half of the year.

Standard Life Asia sold to Chinese joint venture

2017-03-29 scmp
The deal marks the second purchase of a Hong Kong-based insurer by a mainland firm in the past two weeks

Asia Financial to use asset sale windfall for special dividend, acquisitions

2017-03-23 scmp
Asia Financial Holdings, the city-based investment holding company that focuses on financial businesses, is planning to use the HK$1 billion (US$130 million) it earns from the disposal of its holdings in Hong Kong Life for a special dividend or other acquisition opportunities, according to a top official.

UCF Capital buys Hong Kong Life as Chinese funds rush into city’s insurers

2017-03-21 scmp
The HK$7.1 billion takeover of Hong Kong Life boost share price of Asia Financial, Chong Hing Bank

China's UCF Group Backs $914 Million Deal for Hong Kong Insurer - Bloomberg

2017-03-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Hong Kong Life Insurance sold for HK$7.1 billion

2017-03-20 scmp
Hong Kong Life Insurance, an insurer owned by five Hong Kong financial institutions, was sold to First Origin International for HK$7.1 billion.

Hong Kong Life leverages combined resources of partners to compete with larger rivals

2016-09-23 scmp
Hong Kong Life, a joint venture life insurance company owned by five financial firms, is drawing particular takeover interest thanks to its business portfolio and bank branch network. Its corporate history can also illustrate how a group of smaller lenders can join hands to compete with bigger players.

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