Regulator approves shareholder transition in Aegon’s Chinese life insurance joint venture

China, December 17, 2014

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