Bloomberg quoted Khor as saying during a briefing that the insurer was looking at both the initial public offer and the sale of stake as options.
WHAT'S long been one of the most attractive markets for insurers in Asia is turning ugly.
Malaysia will require overseas insurance firms to jettison at least 30% of their domestic businesses via strategic stake sales or local initial public offerings by the end of June in order to comply with new foreign ownership rules. Companies from AIA Group Ltd to Prudential Plc and Japan's Tokio Marine Holdings Inc are beginning to feel the heat.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
