Market Watch (Free subscription) | 12/07/2009
TAIPEI (MarketWatch) -- Primus Financial Holdings Ltd. will resubmit its consortium's application to buy Nan Shan Life Insurance Co. from American International Group Inc. (AIG) to Taiwan regulators this week, the Apple Daily reported Monday, citing unnamed Primus executives.
The Wall Street Journal (Free subscription) | 11/20/2009
A consortium led by Hong Kong's China Strategic Holdings shouldn't have agreed to sell a stake in Nan Shan Life before Taiwan regulators had agreed to the consortium buying the insurer, the regulator said.
Market Watch (Free subscription) | 11/19/2009
TAIPEI (MarketWatch) -- The Taiwan government rejected an application submitted by a consortium comprising Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. (0235.HK) to buy AIG's Taiwan unit Nan Shan Life Insurance Co., Emile Chang, deputy executive secretary of Taiwan's Investment Commission, said Thursday.
Financial Times (Free subscription) | 11/18/2009
Taiwan’s Chinatrust Financial is to pay $660m for a 30 per cent stake in Nan Shan Life Insurance a month after it was defeated by Hong Kong-based Primus Financial and China Strategic in its bid to buy the AIG subsidiary
The Earth Times Online Newspaper (Free subscription) | 11/17/2009
Taipei - Taiwan's Chinatrust Financial Holding Co announced Tuesday it was buying a 30-per-cent stake in Nan Shan Life Insurance Co from Hong Kong-based China Strategic Holdings Ltd. The announcement came just a month after Chinatrust, one of Taiwan'...
News-Insurances (Free subscription) | 11/17/2009
Chinatrust Financial Holding Company said Tuesday it plans to buy a 30 percent stake in Taiwan’s Nan Shan Life Insurance Co. for 660 million US dollars. Taipei-based Chinatrust last month lost out in a bid to acquire Nan Shan from struggling American International Group, being beaten by a consortium led by China Strategic Holdings Ltd. Chinatrust said [...]
The Wall Street Journal (Free subscription) | 11/17/2009
A consortium led by China Strategic Holdings plans to sell a 30% stake in recently bought Nan Shan Life Insurance to Chinatrust Financial Holding.
News-Insurances (Free subscription) | 11/19/2009
Taipei has rejected an application by a Hong Kong consortium to buy American International Group’s Taiwan unit Nan Shan Life due to insufficient documentation, an official said Thursday. The consortium of Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. last month agreed to buy Nan Shan for 2.15 billion US dollars from struggling AIG. “We rejected [...]...
Financial Times (Free subscription) | 11/30/2009
Barriers to American International Group's $2.2bn sale of Nan Shan Life Insurance highlight the difficulties faced by dealmakers working within the greater China region
Financial Times (Free subscription) | 11/25/2009
Chinatrust said it would refile an application to raise $1.4bn by private placement after it was rejected by Taiwan’s financial regulator, a setback that could disrupt its plan to take a 30 per cent stake in Nan Shan Life Insurance, Taiwan’s second-largest life insurance company being sold by AIG
The Wall Street Journal (Free subscription) | 11/23/2009
Some lawmakers allege that the Hong Kong buyers of AIG's Nan Shan Life Insurance unit are really a front for mainland Chinese interests. Taiwan's Investment Commission turned down the consortium's initial application, citing missing paperwork.
Market Watch (Free subscription) | 11/20/2009
TAIPEI (MarketWatch) -- The consortium led by China Strategic Holdings Ltd. (0235.HK) shouldn't have agreed to sell a stake in Nan Shan Life Insurance Co. to Chinatrust Financial Holding Co. (2891.TW) before its acquisition of Nan Shan receives Taiwan's regulatory approval, Lu Ting-chieh, secretary general of Taiwan's Financial Supervisory Commission, said Friday.
France24 (Free subscription) | 11/20/2009
Taiwan will probe if the buyer of the local unit of American International Group has violated a long-term investment commitment by speedily selling on part of the company, an official said Friday. In October, AIG announced a Hong Kong-based consortium including China Strategic Holdings had agreed to buy Taiwan-based Nan Shan Life for 2.15 billion US dollars, pending regulatory approval....
The Wall Street Journal (Free subscription) | 11/19/2009
Taiwan rejected a bid to buy AIG's Taiwan unit Nan Shan Life Insurance by a consortium comprising Primus Financial Holdings Ltd. and China Strategic Holdings.
News-Insurances (Free subscription) | 11/19/2009
Hong Kong-listed China Strategic said Thursday its application to buy American International Group’s Taiwan unit, Nan Shan Life, had been “returned, not rejected” by the island’s regulators. The bid for Taiwan’s second largest life insurer, plagued by opposition from Taiwanese residents and claims that it is backed by mainland Chinese investors, suffered...
