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Wednesday, January 12, 2011

Buyer says considering IPO for AIG Taiwan unit, (NYSE: AIG)

The head of the group buying AIG's (AIG.N) Taiwan unit said on Wednesday it may consider a share offer and promised not to sell the business for 10 years. Samuel Yin, chairman of Ruen Chen Investment, a group comprising Ruentex Industries Ltd (2915.TW) and shoe maker Pou Chen Corp (9904.TW), also told a media briefing he was confident the deal would pass regulators. Earlier on Wednesday AIG said it had agreed to sell Nan Shan to Ruen Chen for $2.16 billion. Yin is also chairman of the Ruentex Group, parent of Ruentex Industries. (Reporting by Rachel Lee )

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