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AIG Genesis AI Corp

0.075
0.00 (0.00%)
17 Jun 2024 - 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% 0.075 0.065 0.075 0.075 0.07 0.07 18,200 20:59:59

AIG To Sell Taiwan Nan Shan To Primus Consortium For US$2.15 Billion

13/10/2009 4:06am

Dow Jones News


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American International Group Inc. (AIG) will sell its life insurance unit in Taiwan to a consortium led by Hong Kong-based investment company Primus Financial Holdings Ltd. for US$2.15 billion, Primus said in a statement Tuesday.

"We aim to develop Nan Shan into a leading Taiwan-based, pan-Asian financial services company, and Nan Shan's management team, agents, and employees are an integral part of this vision," Primus Chairman Robert Morse, a former Citigroup investment banker, said.

Based on Nan Shan Life Insurance Co.'s Web site, the company, founded in 1963, had NT$1.54 trillion (US$47.66 billion) worth of assets and a net worth of NT$99.68 billion (US$3.1 billion) on June 30.

-By Perris Lee Choon Siong, Dow Jones Newswires; +8862-2502-2557; perris.lee@dowjones.com

 
 

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