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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 CEST

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 2017 22 803 M
EBIT 2017 4 323 M
Net income 2017 4 404 M
Debt 2017 -
Yield 2017 1,92%
P/E ratio 2017 17,47
P/E ratio 2018 15,77
Capi. / Sales 2017 3,41x
Capi. / Sales 2018 3,10x
Capitalization 77 783 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,42 $
Spread / Average Target 15%
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NameTitle
Keng Hooi Ng Chief Executive Officer-Designate
Mark Edward Tucker President, Group CEO & Executive Director
Sze Wing Tse Non-Executive Chairman
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