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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.015 | -16.67% | 0.075 | 0.075 | 0.08 | 0.08 | 0.075 | 0.08 | 27,000 | 16:12:18 |
China Strategic Holdings Ltd. (0235.HK) said Tuesday it hadn't received any notification on the outcome of the bidding for American International Group Inc.'s (AIG) Taiwan unit from either its bidding partner, Primus Financial Holdings Ltd., or AIG.
China Strategic also said in a statement it hadn't received any notification on whether AIG had signed an exclusive agreement regarding the sale of Nan Shan Life.
The statement came after Taiwan's Economic Daily News cited unnamed sources as saying U.S. private-equity fund Primus had won the bidding for Nan Shan Life with an offer of US$2.2 billion.
The report said Primus had agreed to the terms of the sale, which included keeping the Nan Shan brand and returning pension fund contributions to Nan Shan staff.
The report also said Primus had pledged to run the business for at least seven years, and the two sides would sign the acquisition agreement Friday.
-By Aries Poon, Dow Jones Newswires; 852-2832-2332; aries.poon@dowjones.com
1 Year Genesis AI Chart |
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