AIA Rises on Possible Purchase of ING Business: Hong Kong Mover
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AIA Group Ltd. rose to a seven-month high in Hong Kong after the third-largest Asia-based insurer was said to be close to buying ING Groep NV’s Malaysian and Thai units.
The stock climbed 2.3 percent to HK$29.55, the highest since Feb. 28. The shares earlier advanced as much as 3.6 percent to HK$29.95 in premarket trading, a record since the Hong Kong-based insurer started trading on the city’s exchange on Oct. 29, 2010.