SINGAPORE: Singapore reinsurer ACR Capital Holdings Pte Ltd announced that its major shareholders, including Khazanah Nasional Bhd, have agreed to the terms for the 100% acquisition of ACR by Shenzhen Qianhai Financial Holdings Co Ltd (QFH) and Shenzhen Investment Holdings Co Ltd (SIHC).
ACR did not disclose the purchase price but it was reported that the deal was worth S$1bil (RM3.03bil).
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