Anbang explores sale of Manhattan office building

Anbang isn't the only conglomerate with major overseas assets to come under government scrutiny in recent months.

HONG KONG: Anbang Insurance Group Co, which symbolised the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire.

The Beijing-based conglomerate is exploring the sale of the Manhattan office building that houses its US headquarters, according to people with knowledge of the plans. It’s also in advanced talks to sell its domestic health-insurance arm to Fujia Group, a petrochemicals-to-finance group in northeastern China’s Liaoning province, other people familiar with the matter said.