Netherland firm establishes joint venture with Chinese securities company
May 08, 2008 | BY
clpstaff &clp articles &Life insurance and pension groups AEGON International N.V. (AEGON), and China's Industrial Securities have completed the establishment of a Sino-Foreign…
Life insurance and pension groups AEGON International N.V. (AEGON), and China's Industrial Securities have completed the establishment of a Sino-Foreign fund management joint venture. AEGON secured a 49% stake in Industrial Fund Management Company (IFMC) while Industrial Securities will hold a 51% interest.
The joint venture will be renamed AEGON Industrial Fund Management Company (AIFMC).
Yuan Tai Law Firm represented IFMC and Industrial Securities, while Allen & Overy represented AEGON. The Allen & Overy team was led by Shanghai-based partner Victor Ho, supported by Richard Kim and Lynn Yang and senior associate Simon Hui.
“Asia is an essential pillar of AEGON's international growth strategy, as demonstrated by our continued investment in greater China, and in our newest markets of India and Japan,” said Alexander Wynaendts, chief operating officer of AEGON.
“We welcome this opportunity to further expand in this fast growing market and look forward to combining our expertise with the excellent management capabilities of Industrial Securities,” he added.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now