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Hainan Airlines forms joint venture with Shin Kong Life Insurance

 

Thursday, Oct 22,2009, 9:43:04 AM   Click:

Shin Kong Life Insurance
Hainan Airlines Co., Ltd., a China-based airline company, has formed a joint venture with Shin Kong Life Insurance Co., Ltd., a Taiwan-based life insurance company.

The joint venture, named Shin Kong & HNA Life Insurance, will provide life insurance, health insurance, accident insurance and related reinsurance products in China.

Hainan Airlines and Shin Kong will each invest CNY250 million ($36.6 million) in the joint venture.

Deal Value (US$ Million) 73.2
Deal Type                Partnership
Sub-Category             Joint Venture
Deal Status              Completed: 2009-10-20

Deal Participants

Partner 1 (Company) Shin Kong Life Insurance Co., Ltd.
Partner 2 (Company) Hainan Airlines Co., Ltd.

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