trending Market Intelligence /marketintelligence/en/news-insights/trending/6Ku-QTLZ2BXvjPMamM21Kg2 content esgSubNav
In This List

Target Insurance chairman, co-founders drop plan to buy stake in company

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Target Insurance chairman, co-founders drop plan to buy stake in company

Target Insurance (Holdings) Ltd. Chairman Cheung Haywood and co-founders Lai Bing Leung and Chiu Sun Ting dropped plans to make an offer to acquire up to a 10% stake in the Hong Kong-based company, according to a Dec. 12 statement.

In addition to Cheung, Lai and Chiu are executive directors of Target Insurance. The company did not provide further details.

The statement came after Target Insurance said Dec. 6 that Cheung, Lai and Chiu were considering making a voluntary partial cash offer to acquire up to a 10% stake in the company.