Taiwanese Regulators Reject Sale of AIG Unit to Primus ...
by Sergio
The Monetary Executive Commission (FSC) of Taiwan has recently announced it has rejected the planned hold of the spark of life insurance piece of AIG in Taiwan by Primus Economic Holdings Ltd. 7 billion) mark-down of Nan Shan Sentience Insurance Co. to a set apart of investors led by Hong Kong-based Primus Fiscal Holdings. It is believed the FSC had concerns about Primus, which is based in the Cayman Islands, may be backed by funds from mainland China, thus in assault of the Taiwan law that prohibits Chinese investment in the pecuniary sector. Also part of the investors gather led by Primus is China Tactical Holdings Ltd. An stiff with the Investment Commission of Taiwan explained that the rebuff of the traffic was in part due to Primus having recently named several new shareholders during the years few months and that was perceived by the SFC as a need of... Primus has reiterated it does not have a Chinese radio....
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