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.
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
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
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.