Tuesday, August 4, 2009
Reuters - Wednesday, August 5TAIPEI, Aug 4 - Taiwan's top financial regulator, the Financial Supervisory Commission, said on Tuesday it has taken over troubled company Kuo Hua life Insurance due to its poor financial health.
Kuo Hua has failed several times to raise its capital as requested, the commission said in a statement.
Previously, the commission took over another small insurer, Walsun Insurance, in January. (Reportinbg by Rachel Lee; Writing by Faith Hung; Editing by Greg Mahlich)
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