Regulator approves shareholder transition in Aegon’s Chinese life insurance joint venture
The Chinese Insurance Regulatory Committee has approved Tsinghua Tongfang (THTF) as Aegon’s new joint venture partner in China.
THTF, a Chinese technology company listed on the Shanghai stock exchange, will replace the current joint venture partner CNOOC. Aegon and THTF will both own 50% of the joint venture. The joint venture agreement between Aegon and Tsinghua Tongfang was signed on October 21, 2014.
For more information, see: Aegon partners with Tsinghua Tongfang in China (October 21, 2014)
Written by: Aegon
