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Corporate News 05 May 2020 | 7:00 AM

Mirae Asset scraps deal to buy US hotels from Anbang

SEOUL: South Korea’s Mirae Asset Global Investments says it has terminated a US$5.8bil deal to buy 15 United States hotels from China’s Anbang Insurance Group

Insurance 13 Mar 2020 | 7:00 AM

Anbang’s US$5.8bil hotels sale to Mirae in peril

NEW YORK: Anbang Insurance Group Co’s sale of a US$5.8bil portfolio of United States luxury hotels to South Korea’s Mirae Asset Global Investments Co is at risk of collapsing, according to people with knowledge of the matter.