China Strategic: Nan Shan Application Returned, Not Rejected
HONG KONG -(Dow Jones)- China Strategic Holdings Ltd. (0235.HK) Chief
Executive Raymond Or said Thursday the application by the company and Primus
Financial Holdings Ltd. to buy Nan Shan Life Insurance Co. was returned, not
rejected, by the Taiwan government because of missing documents.
Or told reporters at a news conference the company plans to resubmit its
application to Taiwan's regulators shortly, adding he expects final approval in
about three months.
Or, who was formerly vice chairman of Hang Seng Bank Ltd., said he and China
Strategic Chairman Frederick Ma will meet with Taiwan regulators next week about
the Nan Shan deal.
-By Aries Poon, Dow Jones Newswires; 852-2802-7002; aries.poon@dowjones.com
(END) Dow Jones Newswires
11-19-090437ET
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