Korea Joongang Daily
Korea JoongAng Daily

Mirae Asset-led consortium wins legal battle with Chinese insurer

A consortium led by Korea's leading asset management firm Mirae Asset Global Investments said Thursday it has won a legal battle with China's Anbang Insurance Group over a deal to purchase hotels in the United States.

2021-12-09

Court upholds Mirae Asset's decision to pull out of Anbang deal

Mirae Asset Global Investments won its first trial against Anbang Insurance Group in a U.S. court case after scrapping a $5.8 billion deal to buy luxury hotels from the Chinese insurance company.

2020-12-01

Mirae Asset files counterclaim against Anbang

Mirae Asset Global Investments filed a counterclaim against Anbang Insurance Group at the Delaware Court of Chancery on May 20, challenging a demand from the Chinese insurance company

2020-05-21

Mirae moves to cancel $5.8 billion deal for U.S. hotels

Mirae Asset Global Investments on Monday moved to cancel a $5.8 billion deal with China’s Anbang Insurance to acquire 15 upscale hotels located in the United States, the asset manager announced on Monday. The Korean investment company sent a notice

2020-05-04

Mirae Asset claims it has money for Anbang hotels

Mirae Asset Global Investments said Wednesday that financing problems are not delaying the completion of the $5.8 billion purchase of hotels from China’s Anbang Insurance Group.

2020-04-29