Conditions met
Source: Agencies |
July 15, 2011, Friday
|
Print Edition
Print Edition
TAIWAN'S financial authorities yesterday said a local conglomerate has met conditions stipulated in June to buy AIG's Taiwan insurance unit, paving the way for final approval.
Yesterday's announcement said the Ruen Chen consortium will be allowed to acquire AIG's 97.6 percent stake in Nan Shan Life Insurance Co after it demonstrated it can deposit NT$30 billion (US$1.03 billion) in assets within 60 days.
Nan Shan is the third-biggest insurer in Taiwan.
The authorities also determined that Ruen Chen has the ability to lower its debt gradually, another condition for the deal.
Yesterday's announcement said the Ruen Chen consortium will be allowed to acquire AIG's 97.6 percent stake in Nan Shan Life Insurance Co after it demonstrated it can deposit NT$30 billion (US$1.03 billion) in assets within 60 days.
Nan Shan is the third-biggest insurer in Taiwan.
The authorities also determined that Ruen Chen has the ability to lower its debt gradually, another condition for the deal.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
