China: UCF consortium in late-stage talks to buy Hong Kong Life Insurance Ltd

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

A consortium including China UCF Group Co. is vying with Yue Xiu Group to acquire Hong Kong Life Insurance Ltd., according to people familiar with the matter, in the latest attempt by a mainland company to buy an insurer in the former British colony.

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