Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,479.56
    -2,913.39 (-4.39%)
     

  • CMC Crypto 200

    1,349.76
    -32.82 (-2.37%)
     

  • FTSE 100

    8,088.55
    +48.17 (+0.60%)
     

  • Gold

    2,338.80
    +0.40 (+0.02%)
     

  • Crude Oil

    82.84
    +0.03 (+0.04%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Manulife would be 'very happy' to increase stake in China life-insurance JV-CFO

Reuters
Updated ·1-min read

TORONTO, May 14 (Reuters) - Manulife Financial Corp would be "very happy" to increase its stake in its Chinese joint venture with Sinochem, the chief financial officer of Canada's biggest life insurer said on Thursday.

Manulife has a 51% interest in the JV, which it signed with the Chinese state-owned company in 1996.

While acquisitions are lower on Manulife's list of priorities, "if there's an opportunity to increase the extent of our ownership (in the joint venture), we would be happy to do that," CFO Phil Witherington said at the virtual Barclays Americas Select Conference.

"It's not something that's a necessity, but a nice to have," he said. "It's a nice way to potentially deploy capital." (Reporting By Nichola Saminather )