AIA to be sold to India soon- No Joke
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Singapore AIA ---
trying to get buyer from INDIA.If the Indians buy, then AIA becomes Indian Company.......Jai Hind!!!
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So ?
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NEW DELHI: India Inc may not just remain a mute spectator to the current global financial crisis. A leading Indian business group has been approached by Citibank to buy out the Singapore-based American International Assurance Company (AIA), a wholly-owned subsidiary of AIG. The once formidable US insurance and asset management giant is now 80% owned by the US government.
AIA is AIG’s flagship life insurance company for Southeast Asia and is the largest life insurer in the region. It has businesses in various countries through branches, subsidiaries and affiliates, including Singapore, India, China, Australia, Hong Kong, Malaysia, Indonesia, South Korea and Thailand. In India, AIG has a 24:76 life insurance joint venture with the Tatas.
Sources told ET that Citibank, acting on behalf of AIA, has approached one of India’s largest diversified conglomerates for a buyout of the Singapore firm. The Indian company is currently evaluating the option, and has not taken any decision to make a bid so far. But if this transaction does materialise, it could well be one of the largest overseas financial deals struck by an Indian firm.
AIA has a strong presence in Singapore, a market where it has been present for the past 70 years. It has more than 2 million policyholders and operates through 3,800 financial services consultants, besides having a staff of 800.
AIG’s move to sell AIA seems to be at variance with its earlier statement that it intends to ‘retain a continuing ownership interest in its foreign life insurance operations’. The global financial major had announced global restructuring plans, where it would refocus on its core property and casualty insurance businesses. -
no more AIA/AIG
IIA/IIG
Indian Insurance Group
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that's good news mah..
Must celebrate with free flow of Kingfisher !!
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AIA agents must now eat banana leaf curry rice for their company functions
and toddy for drinks
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u mean u dunno india has been shopping globally for companies to buy...?
i think u better come out from where u are...
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Originally posted by GHoST_18:
u mean u dunno india has been shopping globally for companies to buy...?
i think u better come out from where u are...
look at his display pic ... maybe the kid's just pretending to be from there ...
he's schizophrenic too perhaps ? ... I mean, he's been pretending to be a malaysian all this while ...
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Singaporeans were all once upon a time also Malaysians, until kena jilted.
LKY probably hoped in his heart he is still a Malaysian........
Singaporean or Malaysians.......are same lah.....you only realise when you go overseas and find that your closest friends are Singaporeans and Malaysians
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Originally posted by idwar:
Singaporeans were all once upon a time also Malaysians, until kena jilted.
LKY probably hoped in his heart he is still a Malaysian........
Singaporean or Malaysians.......are same lah.....you only realise when you go overseas and find that your closest friends are Singaporeans and Malaysians
oh ? .... is that your line now ? ....
I think you ought to be investigated ...
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looking at the state of things in malaysia now, im glad singapore was kicked out of the federation back then...
LKY is probably glad too...im sure he dun wanna be accused or sued for sodomy...