The buyer of AIG's Taiwan insurance unit vowed on Thursday to continue to try and meet the regulator's tough demands for approval of the $2.16 billion deal, as workers at the unit held the latest in a series of protests over pension benefits. "We will not give up" on the acquisition of Nan Shan Life, said C. C. Tsai, chairman of shoemaker Pou Chen , part of the buyer group Ruen Chen Investment. He did not make further comment. The Financial Supervisory Commission (FSC) last week gave Ruen Chen a series of demands to meet before it would consider approving the deal, and reiterated them in a statement late on Wednesday responding to criticism of its handling of the deal. The demands included having Ruen Chen put T$30 billion ($1.02 billion) in cash or assets into a custodian account for the next decade for possible funding needs.
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