Trading in AIA shares was suspended on the Hong Kong stock exchange Monday after bailed-out US insurer American International Group (AIG) announced plans to sell a chunk of the business. AIG said Sunday it had commenced a sale of ordinary shares...
International Business Times
In a statement on Monday, AIG announced the sale, but did not specify the amount...Treasury Department's preferred equity interest in a special-purpose vehicle in which AIG holds the AIA shares. "AIG is doing this sale at the right moment," said...