Insurance News
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Wednesday, 1 April 2009
ASCAP in dispute with ACE INA
ACE INA International Holdings Ltd, which currently owns 51% of ACE Synergy Insurance Bhd, wanted to buy out the remaining 49% from Advance Synergy Capital Bhd (ASCAP) by exercising a call option. However, ASCAP is disputing the validity of the call option.The 51% is to be bought for RM117 mil.
Source: Business Times
Labels: ACE
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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