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Taiwan’s Taishin, Aegon ink contract for life insurance jv

Taiwan’s Taishin, Aegon ink contract for life insurance jv

TAIPEI (XFN-ASIA) – Taishin Financial Holding Co Ltd (2888.TW) said it and Aegon Taiwan Holding BV have signed a contract to establish a life insurance joint venture pending regulatory approval.

Taishin will own 51 pct of the planned joint venture, while Aegon will hold 49 pct of the insurer, which is to be capitalized at 2 bln twd, the company said in a statement.

Taishin closed today’s trade up 0.05 twd or 0.36 pct at 13.80.

(1 usd = 32.20 twd)

adela.lin@afxasia.com

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