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Friday, 27 February 2009
China Life has not pulled out from AIA's bid
China Life apparently has not pulled out from the bid for AIA, contrary to yesterday's report. CIRC's Vice Chairman said that China Life's discussions with AIG were ongoing, with no results yet.AIG and US authorities are also in advanced negotiations to divide the company into 3 divisions: AIG's Asian operations, AIG's international life insurance business and US personal lines, AIG Direct.
Source: Forbes

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