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AIG's Listing Plan For AIA Seals HK Approval
Source: Agencies |
September 22, 2010, Wednesday
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Print Edition
Print Edition
AMERICAN International Group Inc's application to list shares of its Asian life unit, AIA Group Ltd, has been approved by the Hong Kong exchange, sources familiar with the matter said yesterday.
AIG, which is nearly 80 percent owned by the United States government, is disposing of assets to repay taxpayers who committed US$182.3 billion to prop up the insurer. AIG plans to list AIA on October 29.
AIG, which is nearly 80 percent owned by the United States government, is disposing of assets to repay taxpayers who committed US$182.3 billion to prop up the insurer. AIG plans to list AIA on October 29.
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