The shareholders of AIA Group Limited (SEHK:1299) authorized a share repurchase program at its Annual General Meeting on May 10, 2013. Under the program, the company will repurchase up to 1,204,400,000 shares, representing 10% of its issued share capital. The repurchases will be made out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The repurchases will be in accordance ... with laws and requirements and regulations of the Stock Exchange of Hong Kong Limited or on any other stock exchange on which the shares of the company may be listed and recognized by the Securities and Futures Commission and the Stock Exchange of Hong Kong Limited for this purpose, subject to and in accordance with all applicable laws and requirements of the Securities and Futures Commission, the Stock Exchange of Hong Kong Limited or any other stock exchange as amended from time to time. The purpose of this program is to enhance the net asset value and/or earnings per share of the company. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in general meeting revoking or varying the authority given to the directors of the company. As of May 10, 2013, the company has 12,044,000,001 shares in issue.
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AIA Group Limited (SEHK:1299) made an offer to acquire an additional 7.7% stake in AIA Insurance Lanka PLC (COSE:CTCE-N-0000) for approximately LKR 810 million in cash on February 26, 2013. AIA Group will buy 2.32 million shares in the transaction at an offer per share of LKR 349. If stockholders more than 90 percent of the remaining 7.7 of voting minority stock took up the offer, AIA will pay LKR 400 per share. Offer will be open for atleast 21 days. The transaction ... is subject to regulatory approval.
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AIA Group Limited (SEHK:1299) acquired 5% stake in Aviva NDB Insurance PLC (COSE:CTCE-N-0000) from NDB Capital Holdings PLC (COSE:CDIC-N-0000) on December 5, 2012. AIA Group paid a combined deal value for the indirect 87% and direct 5%. AIA Group acquired 1.5 million shares of Aviva NDB Insurance. Morgan Stanley acted as financial advisor in the transaction. Drew E. Dutton of Debevoise & Plimpton, LLP acted as legal advisor for Aia Group Limited.

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