China Strategic Acquisition Of AIG Subsidiary Nanshan Life Was Rejected By Taiwan

2010/8/31 15:20:00 56

Recently, according to Taiwan media, it has been reviewed for more than 8 months.

Medium term policy

(00235) the first financial consortium of Bozhi financial acquisition Nanshan case officially declared a breakthrough.

The policy is suspended this afternoon.

The Taiwan economic department held an Investment Review Committee today. It failed to obtain the approval or consent of the HKMA without having obtained the approval.

Huang Zhong ball, chairman of the Investment Review Committee of the Ministry of economic affairs of Taiwan, said the authorities concerned that the acquisition of the strategy would affect Taiwan.

Finance

Safe, but without further explanation.

He said that the policy could be appealed in the next 30 days.

Huang Chung-chiu

A press conference was held this afternoon to announce the relevant information.

The financial supervision and Administration Commission of the Executive Yuan will give a press conference at 5 p.m.

The strategy group last year proposed a total of 2 billion 150 million US dollars (about 69 billion 300 million NT dollars) to acquire 97.57% stake in Nanshan life, a subsidiary of AIG in Taiwan.

After the buyout case was rejected, CITIC gold control wanted to win the bid. Recently, Japanese funds and Middle Eastern funds were also intending to bid jointly.