China Strategic Holdings Ltd. (0235.HK) Chief Executive Raymond Or said Thursday the application by the company and Primus Financial Holdings Ltd. to buy Nan Shan Life Insurance Co. was returned, not rejected, by the Taiwan government because of missing documents.
Or told reporters at a news conference the company plans to resubmit its application to Taiwan's regulators shortly, adding he expects final approval in about three months.
Or, who was formerly vice chairman of Hang Seng Bank Ltd., said he and China Strategic Chairman Frederick Ma will meet with Taiwan regulators next week about the Nan Shan deal.
-By Aries Poon, Dow Jones Newswires; 852-2802-7002; aries.poon@dowjones.com