China Strategic Holdings Ltd said on Monday that it still has not received formal notice from Taiwan authorities, who rejected a proposal to buy AIG’s Nan Shan life insurance unit for $2.2 billion.
Taiwan officials announced the rejection at a press conference last week, listing lingering concerns from the 10-month old saga.
China Strategic said it is in discussions with its financial partner on the deal, Primus Financial, and AIG, to determine its next step. The buying group has 30 days to appeal.
