First Financial Holding Co., Ltd. (TSEC:2892) signed a share purchase agreement to acquire remaining 49% stake in First-Aviva Life Insurance Co., Ltd. from Aviva plc (LSE:AV.) for $1 on October 12, 2017. The transaction is subject to approvals of the competent authorities and the satisfaction the conditions set forth in share purchase agreement. As of October 13, 2017, the transaction is subject to customary closing conditions including regulatory approvals. The transaction is expected to close in 2018. The transaction will have negligible impact on Aviva's IFRS net assets, Solvency II capital position and IFRS operating profit.

First Financial Holding Co., Ltd. (TSEC:2892) completed the acquisition of remaining 49% stake in First-Aviva Life Insurance Co., Ltd. from Aviva plc (LSE:AV.) on January 19, 2018. KPMG advised First Financial Holding Co., Ltd. with purchase price fairness opinion issuance.