Primus, China Strategic formally end Nan Shan bid in Taiwan
Hong Kong-listed China Strategic Holdings and financial investor partner Primus Financial Holdings have announced the formal termination of their $2.2 billion acquisition agreement for Taiwan’s Nan Shan Life Insurance effective Sept 20.
This final decision was made after Taiwan's regulators blocked the bid for Nan Shan from the consortium, stating that both did not have experience in the insurance industry and lacked the ability to raise...
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