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    News: 2024.12.28

    Yuexiu's 1.8 billion purchase of Hong Kong Life Insurance, the transaction price fell by 75% in 7 and a half years

    Hong Kong Life once again announced a sale, and Asia Financial (0662) announced that it had entered into agreements with Overseas Chinese Bank, Shanghai Commercial Bank, China Merchants Wing Lung, and Chong Hing Bank to sell all its shares to Yuexiu Group, the parent company of Chong Hing Bank. This transaction is worth up to HK$1.8 billion, but it is 75% lower than the transaction price in the past seven and a half years.

    This transaction has attracted widespread attention in the market, and many people have expressed concern about the future development of Hong Kong Life. As the parent company of Chong Hing Bank, Yuexiu Group’s acquisition will further expand its territory in the financial industry and will also have a certain impact on the operation and development of Hong Kong Life.

    As an insurance company with a long history, Hong Kong Life has always occupied a place in the Hong Kong market. However, as the financial market changes and competition intensifies, Hong Kong Life faces many challenges. The occurrence of this transaction also reflects the instability and change of the financial industry.

    For investors, this transaction may bring certain risks, but it may also bring certain opportunities. Investors should pay close attention to market dynamics and promptly adjust their investment strategies to respond to the changing financial environment.

    Overall, this transaction will have a significant impact on Hong Kong Life, Yuexiu Group and the entire financial industry. We will continue to pay attention to the development of this incident and bring readers the latest information and analysis in a timely manner.