CORRECTED - CORRECTED-CORRECTED-UPDATE 4-France AXA eyes Asia growth with ta

(Corrects per share price in paragraph 13 to A$5.43 from A$5.34, which was per share value at Thursday's close)

* Paris-based AXA SA plans 2 bln euro rights offer

* Offer values target firm at $10.3 billion

* AXA SA would get Asia assets

* AMP would get Australasian assets

* AXA Asia Pacific shares surge 33 pct after rejecting offer (Recasts lead)

By Denny Thomas

SYDNEY, Nov 9 (Reuters) - AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA (AXAF.PA: Quote, Profile, Research) and Australian rival AMP Ltd (AMP.AX: Quote, Profile, Research) on Monday, an initial hurdle for the French insurer's bold ambitions to expand in Asia.

AXA SA, Europe's second-largest insurer it would raise $3 billion to buy out its Asian assets in a two-stage deal which would see AXA Asia Pacific sold to AMP, then divided on geographical lines with the Australian firm keeping the Australia and New Zealand assets and selling the Asian assets back to AXA SA.