Taiwan: Conditional approval for Nan Shan sale

July 2011
Asia Insurance Review;Jul2011, p58
Trade Publication
The article reports on the conditional approval given by the Financial Supervisory Commission (FSC) of Taiwan to the American International Group Inc.'s (AIG's) sale of its Taiwan unit Nan Shan to a local consortium led by financial service providing company Ruencheng Investment Holding. It is reported that, the deal is worth 2.16 billion dollars, and as part of its efforts to show its long-term commitment, the consortium has agreed to place all its Nan Shan shares in a trust for 10 years.


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