BRIEF-Oversea-Chinese Banking Corporation announces unit's sale of 33.33 pct stake in Hong Kong Life Insurance Ltd

March 20 (Reuters) - Oversea-Chinese Banking Corporation

Limited

* Ocbc Wing Hang Bank Limited's Sale Of 33.33% Stake In Hong

Kong Life Insurance Limited

* Consideration for sale shares is hk$2,366.7 million

* Unit, Ocbc Wing Hang Bank entered into a share sale

agreement to sell its 33.33% stake in capital of Hong Kong Life

Insurance Ltd

* Unit to sell its 140 million ordinary shares in capital of

Hong Kong Life Insurance Limited to First Origin International

Ltd

* Under terms of agreement, OWHB shall enter into

distribution agreement to distribute products of Hong Kong Life

in Hong Kong

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