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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Saturday, 21 February 2009
PacificMas ceases negotiations with Usaha Tegas
Pacificmas announced that it has ceased negotiations with Usaha Tegas Sdn Bhd on the proposed disposal of The Pacific Insurance Berhad.At one stage, Pacificmas was in negotiation with 4 parties (Aureos Capital Bhd, EON Bank Bhd, ACE and Usaha Tegas). Even earlier, OSK was involved. All negotiations apparently have ceased. So what is the plan going forward?
Source: Bursa Malaysia, TAS Blog
Labels: Merger, Pacific Insurance
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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