Chinatrust: Still interested in AIG Taiwan unit talks

TAIPEI, July 22 (BestGrowthStock) – Chinatrust Financial (2891.TW: ),
Taiwan’s top credit card issuer, would be happy to talk to AIG
(AIG.N: ) about its Taiwan life insurance unit if the U.S. firm is
unable to seal an existing deal to sell the unit.

“We are still interested in Nan Shan. If AIG is willing to
talk to us before the bid deadline, we would be happy to take
them up,” Chinatrust President Daniel Wu told reporters on
Thursday.

Chinatrust had originally bid for Nan Shan last year, when
AIG put the unit up for sale as it retrenched following its
bailout.

It lost out to a consortium of diversified battery maker
China Strategic (0235.HK: ) and Hong Kong investment fund Primus,
but they have been unable to seal the $2.2 billion deal because
of political concerns in Taiwan. The deadline for the deal is
Oct 12.

Stock Market News

(Reporting by Rachel Lee; Editing by Jonathan Standing)

Chinatrust: Still interested in AIG Taiwan unit talks