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AIG Genesis AI Corp

0.03
0.00 (0.00%)
14 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Genesis AI Corp CSE:AIG CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.02 0.03 0.03 0.03 0.03 6,000 21:00:14

AIG To Sell Consumer Finance Operations In Hong Kong

12/08/2009 8:20am

Dow Jones News


Genesis AI (CSE:AIG)
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American International Group, Inc. (AIG) said Wednesday that it will sell its Hong Kong unit to China Construction Bank Asia for $70 million in cash.

The sale of AIG Finance (Hong Kong) Limited will also involve repayment of loans and deposits totaling US$557 million, AIG said in a statement.

Deutsche Bank is the advisor to AIG on the deal, which is subject to regulatory approval.

According to AIG, the Hong Kong unit is a leading credit card issuer with more than half a million customers as of June 30.

 
 

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