Manulife buys into Chinese asset management JV

Copying and distributing are prohibited without permission of the publisher

Manulife buys into Chinese asset management JV

November 24, 2009

From Leigh Powell

The Hong Kong-based asset management arm of Manulife agrees to pay US$157 million for Fortis Bank’s 49% stake in Chinese fund management firm Teda. It is striving to fast-track entry into one of the world’s most promising markets.

Manulife Asset Management (Hong Kong) signed a deal today (November 24) to buy a 49% stake in a Chinese fund management firm for €105 million (US$157 million).

The subsidiary of Manulife International Holdings is striving to gain fast-track entry...

This content is only available to Asiamoney PLUS subscribers or trialists.

If you have a username and password, you can login here.

Otherwise, please take a free trial or subscribe for unrestricted access.

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.

Free Trial

SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

Asiamoney Views

Jakarta should exploit Sibor scandal to lure FX onshore – opinion

18 Jun 2013 | Indonesia’s central bank should take advantage of the Sibor controversy to deepen its onshore FX market, in order to relieve mounting pressure on the rupiah.
JGBi success is all about timing – opinion

17 Jun 2013 | The uncertain-nature of Japan’s recovery raises questions about whether issuing inflation-linked bonds this year is the best idea. Much better would be for the government to adopt a ‘wait-and-see’ approach.
Asia clearing systems need serious facelift – opinion

10 Jun 2013 | Upgrading Asia’s clearing systems to interact with the ISO20022 standard is crucial for the long-term development of the region as information flows will be streamlined, recycling cash at a faster rate.
India should issue a dollar bond – opinion

07 Jun 2013 | The Indian government should consider making strides into the international bond market before global rates rise, or else it may risk losing international investor demand altogether.

Upcoming events