{"id":102558,"date":"2018-12-27T21:14:39","date_gmt":"2018-12-27T14:14:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-unit-buys-hong-kong-insurer-ftlife-in-record-us2-74-billion-deal\/"},"modified":"2018-12-27T22:04:31","modified_gmt":"2018-12-27T15:04:31","slug":"new-world-development-unit-buys-hong-kong-insurer-ftlife-in-record-us2-74-billion-deal","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-unit-buys-hong-kong-insurer-ftlife-in-record-us2-74-billion-deal\/","title":{"rendered":"New World Development unit buys Hong Kong insurer FTLife in record US$2.74 billion deal"},"content":{"rendered":"


\nHong Kong company NWS Holdings will spend HK$21.5 billion (US$2.74 billion) to acquire local insurer FTLife Insurance, in the biggest insurance deal ever completed in Hong Kong.
\nThe unit of New World Development has agreed to buy in cash the entire issued share capital of FTLife Insurance from Tongchuangjiuding Investment Management Group, in a move to diversify the property developer\u2019s business, the company said in a statement on Thursday.
\nIn August 2015, Tongchuangjiuding Investment…
\n
\nSource : South China Morning Post
\nRead more…New World Development unit buys Hong Kong insurer FTLife in record US.74 billion deal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong company NWS Holdings will spend HK$21.5 billion (US$2.74 billion) to acquire local insurer...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102558","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qGa","jetpack-related-posts":[{"id":143385,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-saddled-lai-sun-development-sells-stake-in-insurer-aia-groups-hong-kong-headquarters\/","url_meta":{"origin":102558,"position":0},"title":"Debt-saddled Lai Sun Development sells stake in insurer AIA Group\u2019s Hong Kong headquarters","date":"April 9, 2024","format":false,"excerpt":"\r A wholly-owned unit of Lai Sun Development Company, a Hong Kong property firm, has sold its equity stake in the AIA Central skyscraper for HK$1.42 billion (US$180 million) in a bid to boost its liquidity.\r \r Source : South China Morning Post\r Read more...Debt-saddled Lai Sun Development sells stake\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-china-unit-buys-three-commercial-buildings-in-hong-kong-for-hk3-billion\/","url_meta":{"origin":102558,"position":1},"title":"Bank of China unit buys three commercial buildings in Hong Kong for HK$3 billion","date":"August 31, 2017","format":false,"excerpt":"\r Bank of China (Hong Kong)\u2019s asset management arm said it has completed the acquisition of three commercial buildings in Hong Kong for a total of HK$3.1 billion (US$396 million), the latest deal involving mainland entities in the city\u2019s property market. BOCHK Asset Management bought 100 per cent of The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-buys-worlds-costliest-commercial-land-plot-at-murray-road-in-hong-kong\/","url_meta":{"origin":102558,"position":2},"title":"Henderson buys world\u2019s costliest commercial land plot at Murray Road in Hong Kong","date":"May 16, 2017","format":false,"excerpt":"\r Henderson Land Development Co., the property company owned by one of Hong Kong\u2019s wealthiest families, has bought what\u2019s quite possibly the world\u2019s most expensive plot of commercial land in downtown Central. Henderson will pay a record HK$23.28 billion (US$3 billion) for the government\u2019s Murray Road commercial plot in Central,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-tycoon-wang-takes-control-of-hong-kong-listed-hotels-unit-for-us469-million\/","url_meta":{"origin":102558,"position":3},"title":"Wanda tycoon Wang takes control of Hong Kong-listed hotels unit for US$469 million","date":"December 4, 2017","format":false,"excerpt":"\r Chinese tycoon Wang Jianlin is buying a controlling 65 per cent stake in Hong Kong-listed company Wanda Hotel Development for HK$3.67 billion (US$469 million), at HK$1.20 per share, the latest step in the ongoing reorganisation of his Dalian Wanda Group. According to a regulatory filing on Monday, Wanda Investment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121660,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-new-world-developments-china-unit-will-invest-us732-million-in-guangzhou-urban-renewal-project\/","url_meta":{"origin":102558,"position":4},"title":"Hong Kong developer New World Development\u2019s China unit will invest US$732 million in Guangzhou urban renewal project","date":"August 25, 2021","format":false,"excerpt":"\r New World China Land (NWC), the mainland Chinese property unit of Hong Kong developer New World Development, said it has secured the rights for an urban renewal project in the heart of Guangzhou.The project, which is expected to require an investment of HK$5.7 billion (US$732.3 million), will be NWC\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builders-pay-us1-billion-for-first-plot-on-runway-of-old-kai-tak-airport\/","url_meta":{"origin":102558,"position":5},"title":"Hong Kong builders pay US$1 billion for first plot on runway of old Kai Tak airport","date":"November 7, 2018","format":false,"excerpt":"\r What a difference six months makes. A plot of prime waterfront land in Hong Kong has sold at a price that is 18 per cent lower than a comparable tender in the same area. A consortium of four major local developers won the auction for the first residential site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102558"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102558"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102558\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}