Chinese investors seek to acquire AIA

At least four consortiums of Chinese investors are attempting to acquire AIA Group Ltd., the Asian insurance subsidiary of American International Group (AIG.NYSE), the South China Morning Post reported. The four lead investors reportedly in the fray are Shan Weijian of Pacific Alliance Group, Zhang Songqiao of CC Land Holdings (1224.HK), Guo Guangchang of Fosun International (0656.HK), and an unspecified group of Hong Kong and Taiwanese investors. The report claims that the investors approached both AIG and the US Treasury Department after Prudential’s attempt to acquire the subsidiary fell through in June.