Dentons is advising Tongchuangjiuding Investment Management Group Co., Ltd (“JD Group” or “Jiuding”), on its HK$21.5 billion (US$2.74 billion) disposal of 100% equity interest in FTLife Insurance Company Limited ("FTLife") to NWS Holdings Limited (0659.HK), the infrastructure, logistics and transport services unit of conglomerate New World Development Limited (0017.HK). As the financial advisor of this disposal, a team from Citibank selected NWS as the purchaser after an international tendering process.

Jiuding previously acquired FTLife from Ageas, a Brussels-based insurance firm for US$1.4 billion back in 2016. At that time, a Dentons team led by Li Shoushuang was the Chinese legal advisor for the purchaser. FTLife is one of Hong Kong's biggest life insurance firms. Therefore, JD's disposal of FTLife will mark one of the largest insurance M&A deals ever in Hong Kong.

Senior partner Li Shoushuang (Beijing) led the Chinese legal matters of the transaction, supported by partner Emilia Shi from Shanghai. The overseas part was led by Dentons Hong Kong partner Gordon Ng, assisted by several partners and associates from the office.