Chinatrust to buy 30 percent of AIG Taiwan unit: source
Chinatrust Financial, which lost a bid to acquire AIG's Taiwan life insurance unit, will buy a 30 percent stake of the unit from China Strategic, a source with knowledge of the situation said on Tuesday.
In exchange, China Strategic will take a 9.5 percent stake in Chinatrust via a private placement, the source said, asking not to be identified.
(Reporting by Faith Hung; Editing by Dan Lalor)
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