trending Market Intelligence /marketintelligence/en/news-insights/trending/1s7Ra6gO6UxyUkiunqnFOg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Yunfeng Financial Group unit to acquire additional 9.8% of YF Life Insurance

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Yunfeng Financial Group unit to acquire additional 9.8% of YF Life Insurance

Yunfeng Financial International Holdings Ltd. agreed to acquire the entire issued share capital of YUVAN Ltd., a holding company whose sole significant asset is a 9.8% stake in YF Life Insurance International Ltd.

YF Life International is the former MassMutual Asia, which Yunfeng Financial Group Ltd. acquired in 2018. At the time, it purchased 60% of the company, with 40% held by seven other shareholders, including Meyu International-owned YUVAN.

The consideration for YUVAN is HK$1.56 billion, payable in cash at completion. The consideration will be funded by a shareholder loan from Key Imagination Ltd., an indirect shareholder of Yunfeng Financial Group.

The acquisition will increase Yunfeng Financial's stake in YF Life to 69.8%, with the remaining 30.2% held by six other co-investors. Meyu International will assign to Yunfeng Financial International Holdings a shareholder loan of HK$1.56 billion owed by YUVAN to Meyu International.

The deal has satisfied all conditions for its approval, and the parties intend to complete it as soon as possible.