Manulife close to $400 million acquisition

Manulife close to $400 million acquisition

Manulife close to $400 million acquisition Canada’s Manulife is close to buying the Hong Kong pension fund owned by Britain’s Standard Chartered. The Globe and Mail reports that the insurer is set to pay around $400 million to complete the deal, which would move Manulife closer to its regional rival HSBC. The two firms dominate the growing pensions market in Hong Kong.