Tahoe Investment Group has completed the acquisition of Dah Sing Life Assurance Company and Dah Sing Insurance Services Limited, collectively known as Dah Sing Life.

Under the agreement, the acquisition of Dah Sing Life and Macau Life Insurance Company Limited (Macau Life), as well as the bancassurance agreements for exclusive 15-year bancassurance partnerships with Dah Sing Bank and Banco Comercial de Macau, S.A. (BCM), are for HK$10.6 billion (US$1.36 billion).

Huang Qisen (left), the chairman of Tahoe Investment Group Co., Limited shakes hands with Harold Wong (right), vice chairman of Dah Sing Bank, Limited after the contract signing ceremony.

Completion of the acquisition of Macau Life and distribution arrangement with Banco Comercial de Macau, S.A. (BCM) are expected to take place after regulatory approval in Macau. The signing ceremony was held today in the presence of Huang Qisen, the chairman of Tahoe Investment Group, and Harold Wong, vice chairman of Dah Sing Bank.