Last week, the Insurance Regulatory Bureau announced the appointment of Deloitte to take over the affairs, business and property of Taijia Insurance. Taijia Insurance issued an announcement yesterday that the board of directors has obtained legal advice and is considering an application to the Insurance Appeals Tribunal for review and an urgent application to suspend relevant instructions. .
In addition, it was reported earlier that an investor recently sent an anonymous letter to the regulatory agency, questioning that Taiga Insurance had 1.2 billion yuan of funds, which flowed to Anshan Financial Holdings, another listed company under the major shareholder Wu Yu.
In a joint announcement, Taiga Insurance and Anshan Financial Holdings clarified that the information is false accusations and reserves the right to take legal action against any party who spreads false or unverified information.