Canada's Manulife Financial is close to finalising a deal to buy Standard Chartered's Hong Kong pensions business of emerging markets for circa. http://www.reuters.com/article/2015/09/09/manulife-financi-stanchart-pensions-idUSL4N11F22I20150909 By Samuel Agini; samagini@alliancenews.com; @samuelagini $US1 billion ($A1.15 billion), the company said on Tuesday. This sale marks a further retreat from Hong Kong by Standard Chartered, following its exit from the consumer finance unit last year.
Canada's Manulife Financial is close to finalising a deal to buy Standard Chartered's Hong Kong pensions business of emerging markets for circa. $US1 billion ($A1.15 billion), the company said on Tuesday. This sale marks a further retreat from Hong Kong by Standard Chartered, following its exit from the consumer finance unit last year.