AIG

AIG SALE OF NAN SHAN DELAYED BY TAIWAN PROBE INTO CHINA LINK

The proposed $2.2bn purchase of AIG's Taiwan insurance unit by a Hong Kong consortium is facing scrutiny amid regulatory concerns that include whether the buyers are backed by Chinese funds.

AIG agreed in October to sell Nan Shan, Taiwan's second-largest life insurer, to a consortium led by Primus Financial, a financial services fund, but the probe has delayed approval.

The largest member of the consortium is China Strategic, a Hong Kong-listed battery maker whose new business focus is financial services.

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