{"id":21229,"date":"2024-01-08T14:44:12","date_gmt":"2024-01-08T14:44:12","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=754801"},"modified":"2024-01-08T14:44:12","modified_gmt":"2024-01-08T14:44:12","slug":"china-broker-tian-ruixiang-agrees-to-buy-hong-kongs-peak-consulting-services","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/01\/08\/china-broker-tian-ruixiang-agrees-to-buy-hong-kongs-peak-consulting-services\/","title":{"rendered":"China Broker TIAN RUIXIANG Agrees to Buy Hong Kong\u2019s Peak Consulting Services"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2021\/03\/bigstock-image-of-many-business-people-meeting-322472317-580x343.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2021\/03\/bigstock-image-of-many-business-people-meeting-322472317-scaled.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2024\/01\/08\/754801.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2024\/01\/08\/754801.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a memorandum of understanding (MoU) to acquire Hong Kong insurance broker Peak Consulting Services Ltd.<\/p>\n<p>Financial terms of the proposed deal were not disclosed.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"agencies,mergers\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>According to the MoU, the acquisition is conditional on satisfactory findings of a due diligence review conducted by TRX HongKong.<\/p>\n<p>\u201cWe are excited about the proposed acquisition and the immense potential for the company to expand into the Hong Kong insurance brokerage market, which can offer robust growth opportunities,\u201d commented Zhe Wang, chairman and CEO of the company. \u201cThis proposed acquisition aligns well with our long-term strategic vision of becoming a player in the global insurance brokerage industry.\u201d<\/p>\n<p>TIAN RUIXIANG Holdings Ltd. is an insurance broker operating in China, which distributes two major groups of insurance products: (1) property\/casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) other insurance, such as life and health insurance.<\/p>\n<p><em>Source: TIAN RUIXIANG Holdings<\/em><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/mergers\/\" class=\"btn btn-sm btn-primary tagtag\">Mergers &amp; Acquisitions<\/a> <a href=\"https:\/\/www.insurancejournal.com\/agencies\/\" class=\"btn btn-sm btn-primary tagtag\">Agencies<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/china\/\" class=\"btn btn-sm btn-primary tagtag\">China<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"754801\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Agencies<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a memorandum of understanding (MoU) to acquire Hong Kong insurance broker Peak&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[361,330,511,24,1,512],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/01\/china-broker-tian-ruixiang-agrees-to-buy-hong-kongs-peak-consulting-services.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21229"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21229"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21230"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}