Linklaters advises Dah Sing Financial Holdings and Dah Sing Banking Group
Linklaters was pleased to advise Dah Sing Financial Holdings Limited and Dah Sing Banking Group Limited in a HK$10.6bn (US$1.37bn) transaction.
Dah Sing Financial Holdings has agreed to sell its life insurance subsidiaries in Hong Kong and Macau to Thai Hot Investment, a PRC conglomerate.
Upon completion of the sale, the Dah Sing Group’s banking subsidiaries are expected to enter into 15-year insurance distribution agreements with the life insurance companies under their new ownership.
Matthew Middleditch, Global Head of Corporate, Linklaters LLP said:
“Insurance is a key sector of activity for Linklaters and we are very pleased to have been able to represent the Dah Sing Group on this important transaction. This follows acting on major deals in the sector for numerous banks entering into long term, Pan-Asian insurance distribution agreements and acting for JD Capital on its acquisition of Ageas’ Hong Kong life insurance subsidiary, which completed recently.”
Linklaters acknowledges the work of Matthew Middleditch, Penny Barsha, David Liu and many others in facilitating the transaction.
For further information please contact Nicholas Davy on +852 9700 2617.