China Strategic plunges 46 pct to 11-mth low

HONG KONG, Sept 6 (Reuters) - Shares of China Strategic Holdings fell as much as 46 percent on resuming trading after Taiwan regulators rejected AIG's (AIG.N) planned $2.2 billion sale of Taiwan unit Nan Shan Life to the Hong Kong-listed firm and investment fund Primus.

China Strategic (0235.HK), which was suspended on Aug 31, fell to as low as HK$0.28 after resuming trading in the afternoon, the lowest since Oct 2, 2009.

Shares steadied at HK$0.345 by 0634 GMT, down about 34 percent, compared with a 1.5 percent rise in the broader Hang Seng Index .HSI.

China Strategic said on Monday that it still had not received formal notice from Taiwan officials rejecting its proposal to buy the Nan Shan life insurance unit. [ID:nHKV002497] (US$1=HK$7.77) (Reporting by Donny Kwok; Editing by Jonathan Hopfner)