Hogan Lovells advised Standard Chartered Securities (Hong Kong) Limited ("Standard Chartered"), as the sole bookrunner and placing agent on the sale of 26 million H shares in New China Life Insurance Company Limited ("New China Life Insurance"), raising approximately US$93.9 million.
New China Life Insurance, a company listed on the Hong Kong Stock Exchange, is engaged in the provision of life insurance and wealth management services locally and globally.

This is our second placement for Standard Chartered following on its placing of 600 million existing shares in Tongda Group Holdings Limited for US$86.7 million in March this year.

The Hogan Lovells team advising Standard Chartered was led by Hong Kong partner Terence Lau, and supported by partner Thomas Tarala, senior associate Priscilla Lee and associate Don Chan.