Company | 2019-12-10
In March 2017, Standard Life Aberdeen plc (“SLA plc”) announced the proposed sale of Standard Life (Asia) Limited, the wholly owned Hong Kong insurance business of SLA plc, to Heng An Standard Life Insurance Company Limited, the joint venture business of SLA plc in China. Further to the progress update announced on 17 December 2018, we continue to actively engage the respective regulators to drive progress for the transaction. Our expectation is to have the transaction completed as soon as possible in 2020, subject to regulatory approvals. For more information on the transaction, you may refer to the relevant disclosures in the press release and customer Q&As posted on our website.