AIG sells $500m of PICC's shares
AIG will remain the largest shareholder of China giant PICC despite selling 254m shares for $500m (£338m).
AIG sold the secondary shares, which represented 5.5% of the total share capital, on the Hong Kong Stock Exchange for HK$15.15 each on 30 March, around 4% lower than PICC's closing price of HK$15.80.
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