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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Monday, 4 August 2008
Approval from MOF Lapses
We previously reported that Mayban Fortis was to acquire 60% of PT Anugrah Life Insurance ("Anugrah") from PT Panin Life Tbk ("Panin") and formed a partnership with Panin. The Ministry of Finance of Republic of Indonesia ("MOF") apparently set a deadline of 4 August 2008 for both parties to submit the relevant documents.
Maybank and Panin are still engaged in seeking resolution to the proposed partnership. However the approval of MOF has lapsed today.
Source: Bursa Malaysia
Labels: Anugrah, Mayban Fortis, Merger
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.
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