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Asia Pacific Insurance giant AIA to buy Aviva NDB (CTCE) for US$ 150mn

+12
The Alchemist
traderathome
sriranga
Market Sucker
dd
A2Z
Gaja
Whitebull
peresanjeewa@gmail.com
Harry82
Antonym
Sandstorm
16 posters

Go down  Message [Page 1 of 1]

Sandstorm

Sandstorm
Manager - Equity Analytics
Manager - Equity Analytics

AIA Group Limited (“the Company”; stock code: 1299) and its subsidiaries (collectively “the AIA Group” or “the Group”) comprise the largest independent listed pan-Asian life insurance group in the world, with a broad footprint spanning 15 markets in Asia Pacific. The Group traces its roots in the region back more than 90 years and has total assets of US$107.9 billion.

The AIA Group meets the protection, savings and investment needs of individuals by offering a comprehensive suite of products and services covering accident and health insurance, life insurance and retirement planning. It also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of more than 260,000 agents and over 21,000 employees across Asia Pacific, the Group serves the holders of over 23 million individual policies and over 10 million participating members of group policies.

The Group has operations in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei and India.

The AIA Group is a market leader in the Asia Pacific region based on life insurance premiums, and holds number one positions in six of its geographical markets. Due to its historical roots in Asia, the AIA Group has built a network of mainly wholly-owned businesses operating as branches or subsidiaries. Only in India, where legislation restricts foreign ownership of insurance companies to 26%, is the Group’s main operating unit a joint venture.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited.

AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums, and holds leading positions across the majority of its markets. It had total assets of US$119,494 million as of 31 May 2012.

http://www.aia.com/en/
http://www.aia.com/en/resources/67dac00049b07ea1b4a0b74e12e54bc2/AIA_Group_Factsheet_May2011.pdf

The AIA Group meets the savings and protection needs of individuals by offering a comprehensive suite of products and services including retirement planning, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents and employees across Asia Pacific, AIA serves the holders of more than 24 million individual policies and over 10 million participating members of group schemes.

The AIA Group is a market leader in the Asia Pacific region based on life insurance premiums, and holds number one positions in six of its geographical markets. Due to its historical roots in Asia, the AIA Group has built a network of mainly wholly-owned businesses operating as branches or subsidiaries. Only in India, where legislation restricts foreign ownership of insurance companies to 26%, is the Group’s main operating unit a joint venture.

AIA is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) being traded on the OTC market (ticker symbol: “AAGIY”).

AIA Heritage

In 1919, a young American with a passion for enterprise, Cornelius Vander Starr, opened a small insurance agency at 15 Nanking Road, Shanghai. His "enterprise" soon extended to life insurance with one simple business idea: people in Asia would find insurance attractive because of their desire to care for their family and be prudent.

AIA continued to increase its footprint in Asia with the establishment of branch offices in Hong Kong and Singapore in 1931. When AIA entered Malaysia in 1933, Asia was in the grip of the Great Depression. Its 1938 establishment in Thailand was during the same decade that a constitutional monarchy was formed. In Indonesia, AIA was founded in 1951 as Indonesia was emerging as an independent nation. Again, AIA opened in South Korea at a pivotal time, 1987, as the reform era dawned and Seoul prepared to host the Summer Olympics Games.

Focusing on customers' needs has always been the AIA Group's priority. In anticipating our customers' changing needs, AIA has scored several 'firsts':-

Australia: First life insurer to successfully launch an electronic application process to customers
Brunei: First life insurer to promote investment-linked policies and bancassurance
China: First wholly-owned foreign life insurer to receive an operating licence
Hong Kong: First life insurer to provide policyholder services through Voice Response System
India: First life insurer to launch health insurance product
Indonesia: First life insurer to provide customised distribution models for bancassurance partners
Macau: First service provider to offer internet inquiry and fund switching service to pension fund scheme members
Malaysia: First life insurer to receive the International Takaful operator licence
New Zealand: First life insurer to offer key person benefit to businesses
Philippines: First life insurance company in the country to introduce ground-breaking insurance products such as the first principal-protected variable life product, first variable life product with High Water Mark (HWM) or highest daily value lock-in feature, first variable life product without a premium charge, and the first health insurance product with coverage up to age 100
Singapore: First life insurer to set up a Financial Health Check Academy to train AIA agents
South Korea: First life insurer to offer full in-hospital product and non-participating product
Taiwan: First life insurer to launch guaranteed issue senior life insurance product
Thailand: First life insurer to offer a unit-linked product
Vietnam: First wholly US-owned life insurer to receive an operating licence

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

"Asia Pacific Insurance giant AIA to buy Aviva NDB Insurance PLC for US$ 150mn"

Do the math...
US$ 150mn = LKR 19.8 billion
Aviva NDB Shares outstanding = 30 million
Therefore, if this news is true, each Aviva NDB share is worth Rs 660.

@Sandstorm: Is your source reliable?!

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sandstorm
Where did u get this news?

peresanjeewa@gmail.com

peresanjeewa@gmail.com
Senior Equity Analytic
Senior Equity Analytic

consider this also

http://www.aia.com/en/resources/3c2751004a65414abefbbec94f5f7968/AIA_press_release_Eng_5Mar2012.pdf

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Antonym wrote:"Asia Pacific Insurance giant AIA to buy Aviva NDB Insurance PLC for US$ 150mn"

Do the math...
US$ 150mn = LKR 19.8 billion
Aviva NDB Shares outstanding = 30 million
Therefore, if this news is true, each Aviva NDB share is worth Rs 660.

@Sandstorm: Is your source reliable?!

I do not think this figure is correct Antonym.How did you get this figure ? Latest Q report shows 37billion total assets.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

if the news to be accurate, what will be impact on the NDB Group?

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

who said AIA will be the buyer ?

peresanjeewa@gmail.com

peresanjeewa@gmail.com
Senior Equity Analytic
Senior Equity Analytic

Whitebull wrote:
Antonym wrote:"Asia Pacific Insurance giant AIA to buy Aviva NDB Insurance PLC for US$ 150mn"

Do the math...
US$ 150mn = LKR 19.8 billion
Aviva NDB Shares outstanding = 30 million
Therefore, if this news is true, each Aviva NDB share is worth Rs 660.

@Sandstorm: Is your source reliable?!

I do not think this figure is correct Antonym.How did you get this figure ? Latest Q report shows 37billion total assets.
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Asia Pacific Insurance giant AIA to buy Aviva NDB (CTCE) for US$ 150mn AttachmentCTCE.png
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A2Z

A2Z
Manager - Equity Analytics
Manager - Equity Analytics

In this article nowhere i found which saying AIA buy NDB Insurance.. scratch scratch

And Links which has given by the member does not meet what he meant by the Title.

Just another promotional attempt with another way afro afro

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

Whitebull wrote:
Antonym wrote:"Asia Pacific Insurance giant AIA to buy Aviva NDB Insurance PLC for US$ 150mn"

Do the math...
US$ 150mn = LKR 19.8 billion
Aviva NDB Shares outstanding = 30 million
Therefore, if this news is true, each Aviva NDB share is worth Rs 660.

@Sandstorm: Is your source reliable?!

I do not think this figure is correct Antonym.How did you get this figure ? Latest Q report shows 37billion total assets.
@Whitebull: I was referring to the number of shares issued by Aviva NDB Insurance PLC, which is 30 million.

If the company is being bought for LKR 19.8 billion and there are 30 million shares, each share would be worth Rs 660 (i.e. LKR 19.8 billion divided by 30 million).

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

@A2Z: Yes, it could be just another promotional attempt. But AIA has been on an acquisition spree... See this.
http://bakesah.blogspot.com/2012/01/business-news-aia-sizes-up-bid-for-6.html

No harm in keeping your eyes and ears open...

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Antonym wrote:
Whitebull wrote:
Antonym wrote:"Asia Pacific Insurance giant AIA to buy Aviva NDB Insurance PLC for US$ 150mn"

Do the math...
US$ 150mn = LKR 19.8 billion
Aviva NDB Shares outstanding = 30 million
Therefore, if this news is true, each Aviva NDB share is worth Rs 660.

@Sandstorm: Is your source reliable?!

I do not think this figure is correct Antonym.How did you get this figure ? Latest Q report shows 37billion total assets.
@Whitebull: I was referring to the number of shares issued by Aviva NDB Insurance PLC, which is 30 million.

If the company is being bought for LKR 19.8 billion and there are 30 million shares, each share would be worth Rs 660 (i.e. LKR 19.8 billion divided by 30 million).

Thanks Antonym my mistake.

Aviva did not specify the countries it would exit in its announcement last week. Aviva’s South Korean investment in 2008 and its stake in the Sri Lankan company give it a combined value of about $66 million, and some estimate the deal would be worth about $150 million.



The source said that AIA Group Ltd , Prudential plc and Manulife Financial Corp would be the most likely bidders for Aviva’s stake in the Sri Lankan joint venture.

http://colombogazette.com/aviva-to-sell-its-stake-in-sri-lanka/

dd


Stock Analytic
Stock Analytic

Sandstorm is there any news of this take over by AIA. Today shares of CTCE has traded around 285/=level. Question

Market Sucker

Market Sucker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

hold CTCE and CDIC...highly likely that NDB may sell off and quit without come to an mutual agreement with the new buyer Smile

Market Sucker

Market Sucker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Market Sucker wrote:hold CTCE and CDIC...highly likely that NDB may sell off and quit without come to an mutual agreement with the new buyer Smile

i told you so Very Happy

Market Sucker

Market Sucker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

hope you guys sold your all CTCE,CDIC Very Happy

now dont look at them again Twisted Evil

sriranga

sriranga
Co-Admin

http://www.colombostockexchange.com/cmt/upload_cse_announcements/6191348719788_.pdf

http://sharemarket-srilanka.blogspot.co.uk/

Sandstorm

Sandstorm
Manager - Equity Analytics
Manager - Equity Analytics

I am sure you guys made money from CDIC, NDB and CTCE.
at least say THANK YOU to me.....

I could tell you more stories.. Do you know what NDB is going to acquire from the money they got from the Avia Sale?? This is going to make you guys make lot more money...

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sandstorm wrote:I am sure you guys made money from CDIC, NDB and CTCE.
at least say THANK YOU to me.....

I could tell you more stories.. Do you know what NDB is going to acquire from the money they got from the Avia Sale?? This is going to make you guys make lot more money...
Good One SS Cool now tell me more stories you wanna share....... bounce

thumbs up.....well done
I thinks there should be an award given to you under investigation/research category....for you...out of joke Very Happy

TAH

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sandstorm wrote:I am sure you guys made money from CDIC, NDB and CTCE.
at least say THANK YOU to me.....

I could tell you more stories.. Do you know what NDB is going to acquire from the money they got from the Avia Sale?? This is going to make you guys make lot more money...

Is it a bank starting with S ? Perhaps more like a merger than an acquisition and NDB may end up not being the beneficiary ?

econ

econ
Global Moderator

Sandstorm wrote:I am sure you guys made money from CDIC, NDB and CTCE.
at least say THANK YOU to me.....

I could tell you more stories.. Do you know what NDB is going to acquire from the money they got from the Avia Sale?? This is going to make you guys make lot more money...

I hope that company shares are on my portfolio.. Very Happy

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sandstorm wrote:I am sure you guys made money from CDIC, NDB and CTCE.
at least say THANK YOU to me.....

I could tell you more stories.. Do you know what NDB is going to acquire from the money they got from the Avia Sale?? This is going to make you guys make lot more money...

Are you sure about this.Most of the shares in Bank and Insurance sector are owned buy good companies who want sell them away and some others are family businesses.It's a hard guess.

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

THANK YOU Sandstorm cheers

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Thank you SS. You are a liquid asset of this forum!!!!!

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