New World Development Company Buys FTLife from JD Group

Posted on 12/29/2018


Hong Kong-based NWS Holdings Limited inked a deal to acquire FTLife Insurance Company Limited (FTLife) for HK$ 21.5 billion (US$ 2.75 billion) from Tongchuangjiuding Investment Management Group Co., Ltd., a unit of China-based JD Group. NWS Holdings Ltd is the infrastructure, logistics and transport services unit of conglomerate New World Development Company Limited. The Chinese […]