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AAIGF AIA Group Ltd (PK)

7.48
0.13 (1.77%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
AIA Group Ltd (PK) USOTC:AAIGF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.13 1.77% 7.48 7.20 7.84 7.75 7.06 7.17 6,755 21:00:10

AIA Group Shares Halted From Trading Pending Major-Shareholder Placement

05/03/2012 12:50am

Dow Jones News


AIA (PK) (USOTC:AAIGF)
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Shares of AIA Group Ltd. (1299.HK) were suspended from trading Monday pending an announcement about major shareholder American International Group Inc.'s (AIG) potential share placement, the insurance company said.

Largest shareholder American International Group Inc. (AIG) is seeking to sell "a significant proportion" of its shares in the Hong Kong-listed insurance company and is expected to use the proceeds to reduce its debt to the U.S. Department of the Treasury, AIA Group said in a statement.

U.S.-based AIG, which currently holds 32.89% of AIA Group, expects the pricing of the placement no later than Tuesday, adding that trading in AIA Group's shares will resume no later than Wednesday.

-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002; joanne.chiu@dowjones.com

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