Hong Kong's NWS Holdings to buy FTLife Insurance for $2.75b

Hong Kong's NWS Holdings to buy FTLife Insurance for $2.75b

Victoria Peak, Hong Kong. Photo by Florian Wehde on Unsplash

Hong Kong’s NWS Holdings Ltd has agreed to acquire FTLife Insurance Co Ltd for HK$21.5 billion ($2.75 billion) from Beijing-based financial holding firm JD Group, aiming to diversify its business from infrastructure and services.

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