Privatisation is an Option?

Takaful Malaysia has provided more information on the speculation on the privatisation of the company.

Bursa Malaysia posed 2 direct questions to Takaful Malaysia for the latter to confirm or deny:

• BIMB's plan to take Takaful Malaysia private
• Privatisation at between 2 to 2.5 times adjusted book value

Takaful Malaysia's clarified that "the Company has not concluded any discussion that may carry an intention to take the Company private. Discussions on a proposed strategic alliance with relevant parties are still on going and any decision on the matter will be announced in due course.".

The clarification does not seem to confirm nor deny the privatisation plan. I guess we may interpret that privatisation is 1 of the options under discussion and it is too early for details to be disclosed.

Source: Bursa Malaysia