BRIEF-Standard Life says to sell HK insurance business to its own Chinese JV

March 29 (Reuters) - Standard Life Plc:

* Have been agreed to sell its Hong Kong insurance

business,Standard Life (Asia) Limited to Standard Life’S Chinese

joint venture insurance business, Heng An Standard Life

Insurance Company Limited

* Transaction is subject to obtaining local regulatory and

other approvals in Mainland China and Hong Kong ,this could take

up to 18 months.

* Final consideration will be calculated as at the date of

completion and will be payable in cash.

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