Mirae Asset sued after missing deadline on $5.8b Anbang US hotels deal

Mirae Asset sued after missing deadline on $5.8b Anbang US hotels deal

FILE PHOTO: The headquarters building of Anbang Insurance Group are pictured in Beijing, China, August 25, 2016. REUTERS/Jason Lee/File Photo

South Korean asset manager Mirae Asset Global Investments has been sued over a $5.8 billion deal to buy 15 U.S. hotels from China’s Anbang Insurance Group after missing a deadline for the deal’s closing, a Mirae spokesman said on Tuesday.

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