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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  AIA Group Ltd    1299   HK0000069689

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AIA Group Ltd : AIA : Rafael Hui Resigns As Independent Non-Executive Director

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03/29/2012 | 11:46am CET

AIA Group Ltd. (1299.HK) said Thursday its independent non-executive director Rafael Hui has resigned, with immediate effect.

Hui's resignation came after his being invited to assist the Independent Commission Against Corruption investigation, according to Hong Kong Broadcasters' report Thursday.

Hui, a former Hong Kong chief secretary, the second highest position in the city's government, was also earlier a consultant for Sun Hung Kai Properties Ltd. (0016.HK).

Sun Hung Kai's co-chairmen Thomas and Raymond Kwok, the two younger sons of Sun Hung Kai's late founder Kwok Tak-seng, have been asked to assist an investigation by Hong Kong's antigraft body, the report said.

AIA said in a statement Hui has resigned "in order to attend to other commitments," and said Hui has confirmed he has no disagreements with the board.

-By Fiona Law, Dow Jones Newswires; 852-2802-7002; fiona.law@dowjones.com

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Financials ($)
Sales 2016 20 679 M
EBIT 2016 3 754 M
Net income 2016 3 771 M
Debt 2016 -
Yield 2016 1,66%
P/E ratio 2016 18,49
P/E ratio 2017 16,65
Capi. / Sales 2016 3,41x
Capi. / Sales 2017 3,11x
Capitalization 70 417 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,43 $
Spread / Average Target 27%
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Managers
NameTitle
Mark Edward Tucker President, Group CEO & Executive Director
Sze Wing Tse Non-Executive Chairman
Simeon Preston Group Chief Operations Officer
Garth Jones Group Chief Financial Officer
Chung Kong Chow Independent Non-Executive Director
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