China Financial Daily

For AIG to sell New York headquarters will not be affected in China
American International Group (AIG) will be hundreds of thousands of dollars or sell New York headquarters building. According to the media reports, AIG Headquarters, New York, Bank of Korea will be sold to land developers KumhoInvestmentBank and New York Youngwoo & Associates. Sale and purchase agreements have been signed, but not publicly traded price. In addition to the New York field, AIG also has agreed to 1.2 billion U.S. dollars price to sell the headquarters building of Japan to the Japanese life insurance.

AIG member of AIA’s Shanghai and the United States and Asia is responsible for insurance-related expressed in per capita comment, but has also pointed out that AIG or any change in the domestic companies do not move will not be affected the normal operation of domestic companies.

Core Pacific-Yamaichi International (HK) Limited Shapin researcher on the “Daily Economic News” said, “According to the projections for AIG to sell the headquarters building of the transaction amount is probably around two billion U.S. dollars in, AIG of this practice is nothing more than to the group in order to supplementary capital to repay the government loan. There is also a possibility that the market economy in the situation developed, AIG will choose a time when high prices to sell the building, when to buy back low. for the sale of the headquarters for the AIG is not the most crucial link. ”

Huarong Asset researcher Xiao-Ming Xu told reporters, “At present, AIG was thrown a burden, ‘buy low and sell high’ is normal economic behavior, if the future of AIG, then upgrade the operating re-bought it not impossible, but the current situation tend to direct disposal. ”

AIA assistant vice president of Shanghai Chen Haifeng said, “AIG headquarters moves to the operation of domestic firms will not have any impact, and Assurance Company (AIA) has been done in advance of the IPO.”

The media also pointed out that, AIG would like to choose the next week, about four banks, is responsible for AIA’s Asian life insurance sector was the IPO, is currently working with about 10 banks interviewed. AIA and procedures of the IPO-intensive operations, for example, the division of labor between the banks and the preparation of brochures, etc., is expected to June 22 to start the week.

AIG executives in accordance with the objectives set, the size of the IPO may be the case at least four billion U.S. dollars, is expected during the first half of 2010 in Hong Kong.