MassMutual Sells Asia Unit to Yunfeng Financial Led Group

Posted on 08/17/2017


Massachusetts Mutual Life Insurance Company (MassMutual) is selling its Hong Kong business, MassMutual Asia Ltd., to an investor group led by Yunfeng Financial Group Ltd. for US$ 1.68 billion (HK$ 13 billion) in a cash and stock deal. Yunfeng Financial is paying US$ 1.01 billion in cash and 800 million in shares, which are valued […]