SHANGHAI — China Life and two other Chinese investors have withdrawn from bidding for stakes in American International Group's Asian unit ahead of its planned initial public offering, state media said Friday.AIA reportedly plans to list in Hong Kong in the fourth quarter of this year and hopes to raise as much as 23 billion dollars.
Sovereign wealth funds from Singapore, Abu Dhabi, Kuwait and Qatar also have expressed an interest in AIA, according to the Financial Times. Full story
