(1 November 2019 Hong Kong) – New World Development Company Limited (“NWD”) (Hong Kong stock code: 17) and NWS Holdings Limited (“NWS Holdings” or “The Group”) (Hong Kong stock code: 659) are delighted to announce today that the acquisition of FTLife Insurance Company Limited was completed.
After the completion of this landmark acquisition, the Group’s core businesses, now encompassing roads, aviation, construction and insurance, are well-positioned to deliver sustainable long-term growth.
Integrating in New World Group’s ecosystem, FTLife will strive to provide innovative products and services to meet the changing needs of customers, combining the outstanding network, resources and strengths of New World Group.
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NWS Holdings Limited (Hong Kong Stock Code: 659), as the diversified industries flagship of New World Development Company Limited (Hong Kong Stock Code: 17), invests and operates a wide range of businesses predominantly in Hong Kong and the Mainland. Our core businesses include toll roads, commercial aircraft leasing, construction and insurance, while we also manage a strategic portfolio spanning sectors from environment, logistics, facilities management to transport.
FTLife Insurance Company Limited ("FTLife") is one of Hong Kong's most well-established life insurance companies. Capitalising on a heritage of professionalism and excellence in serving clients, FTLife seeks to become a leading insurance group in Asia. It serves individual and institutional clients from a diverse portfolio of financial protection and wealth management products. FTLife aims to excel by cultivating lasting relationships and dedicates itself to providing clients with best-of-breed financial services to help them lead fulfilling lives.
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