Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Thursday, 19 June 2008
No Privatisation
Takaful Malaydia issued 2nd announcement to Bursa Malaysia today (the 3rd announcement in the past 2 days!) and finally clarified that "the Company is not aware of any plan to take the Company private".
The company's share price closed 11 sen down.
Meanwhile, BIMB Holdings Bhd announced that it had obtained approval from BNM to commence negotiations with Abu Dhabi-Kuwait-Malaysia Strategic Investment Corporation on the latter's proposed acquisition of a strategic stake not exceeding 49% in Takaful Malaysia.
Source: Bursa Malaysia 1 & 2
Labels: Merger, Takaful Malaysia
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Privatisation is an Option?
- HSBC Amanah Takaful Appoints New CEO
- Is Takaful Malaysia to be Privatised?
- Inflation Impact
- Sibu Branch for Great Eastern
- LIAM Clarified on EPF CI Scheme
- EPF: "Highly Erroneous Statements Were Made"
- TM Asia's Goals and Statistics
- Rexit Made EPF CI Premium Prediction
- Tokio Marine to Acquire PanGlobal
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