AIG gets Hong Kong exchange OK to list AIA-sources

HONG KONG (Reuters) - American International Group Inc's application to list shares of its Asian life unit, AIA Group Ltd, has been approved by the Hong Kong exchange, sources familiar with the matter said Tuesday.

AIG, which is nearly 80 percent owned by the U.S. government, is disposing of assets to repay taxpayers who committed $182.3 billion to prop up the insurer during the financial crisis.

AIG plans to list AIA on Oct. 29. AIA wasn't immediately available for comment. (Reporting by Denny Thomas, Kennix Chim and Clare Jim, editing by Gerald E. McCormick)

REUTERS