Life insurance business in Taiwan being sold by Manulife

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The company has announced that it will be ending the relationship that they have had in the country for 11 years. Manulife Financial Corp. has now announced that it will be ending an 11 year life insurance business relationship in Taiwan, and that it will be selling this business for about $25 million. The company has already found a buyer for this unit, and the acquisition processes are underway. CTBC Life Insurance Co., Ltd., will be purchasing this business from Manulife. It is the insurance arm of a large Taiwan…

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