Hong Kong, September 02, 2014 -- Moody's Investors Service has affirmed the A3 issuer rating of CTBC Financial Holding Co., Ltd. (CTBC Financial, or, the group) and maintained its negative outlook. This follows CTBC Financial's announcement that its subsidiary, CTBC Life Insurance Co., Ltd. (CTBC Life, unrated) will acquire 19.99% of ABC Life Insurance Co., Ltd. (ABC Life, unrated), a life insurer based in Beijing, China, for TWD8.36 billion.
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