Nov 1 (Reuters) - AIA Group Ltd 1299.HK :
* RECEIVED AN UPFRONT PAYMENT FROM AIA OF $500 MILLION
* UPDATE ON DIVESTMENT OF AUSTRALIAN LIFE INSURANCE BUSINESS
* JOINT CO- OPERATION AGREEMENT WITH AIA AUSTRALIA LIMITED (AIA) IN RELATION TO CBA'S AUSTRALIAN LIFE INSURANCE BUSINESS HAS BEEN IMPLEMENTED
* COLONIAL MUTUAL LIFE ASSURANCE SOCIETY ALSO IMPLEMENTED REINSURANCE ARRANGEMENTS THAT ARE EXPECTED TO RESULT IN DISTRIBUTION TO CBA IN 1H FY2020
* FULL ECONOMIC INTERESTS ASSOCIATED WITH COMMINSURE LIFE HAVE BEEN TRANSFERRED TO AIA
* 25 YEAR AUSTRALIAN DISTRIBUTION AGREEMENT BETWEEN CBA AND AIA HAS ALSO COMMENCED