`

THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!

Thursday, July 20, 2017

Prudential, Great Eastern to sell stakes, offer IPOs to Malaysians

The stakes sale to locals, which Bank Negara wants done by the end of June 2018, is expected to raise RM8.6 billion.
Prudential,-Great-EasternKUALA LUMPUR: Overseas insurers, including Prudential Plc, are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined US$2 billion (RM8.6 billion) and help them comply with foreign ownership limits, people with knowledge of the matter said.
Prudential has asked banks to pitch for a role advising on a domestic initial public offering (IPO) of its Malaysian unit, an option it is considering alongside a potential stake sale to an investor, according to the people.
Singapore’s Great Eastern Holdings Ltd is also exploring cutting its local holding to 70% through a sale or IPO, the people said, asking not to be identified because the details are private.
A sale of a 30% stake in Great Eastern Life Assurance (Malaysia) Bhd could raise about RM5 billion (US$1.2 billion), while the disposal of a similar stake in Prudential Malaysia Assurance Bhd would fetch at least RM3 billion, the people said.
Japan’s Tokio Marine Holdings Inc has appointed a bank to advise on options for cutting its stake in its local unit, which could raise around RM1 billion.
Foreign insurers have until the end of June 2018 to reduce their holdings in local firms to 70% at most, one person said.
The country’s central bank has been weighing tougher enforcement of a cap on foreign ownership as it seeks to boost local participation in the industry, people familiar with the matter said in April.
Representatives of Great Eastern and Prudential declined to comment, while a representative of Tokio Marine didn’t immediately answer emailed questions.
The central bank will continue to engage with the insurers on their plans, Bank Negara Malaysia said in a statement, declining to comment further.
Any companies that opt to pursue IPOs would join Manulife Holdings Bhd and Allianz Malaysia Bhd, the only local insurers with majority foreign ownership that are traded on the Kuala Lumpur exchange.
The deals would help extend a rebound in Malaysian first-time share sales, which have raised US$1.7 billion (RM7.3 billion) this year, up from US$255 million (RM1.1 billion) during the same period in 2016, according to data compiled by Bloomberg. -FMT

2 comments:

  1. ASS..WR.WB.SAYA pak alresky TKI BRUNAY DARUSALAM INGIN BERTERIMA KASIH BANYAK KEPADA EYANG WORO MANGGOLO,YANG SUDAH MEMBANTU ORANG TUA SAYA KARNA SELAMA INI ORANG TUA SAYA SEDANG TERLILIT HUTANG YANG BANYAK,BERKAT BANTUAN AKI SEKARAN ORANG TUA SAYA SUDAH BISA MELUNASI SEMUA HUTAN2NYA,DAN SAWAH YANG DULUNYA SEMPAT DI GADAIKAN SEKARAN ALHAMDULILLAH SUDAH BISA DI TEBUS KEMBALI,ITU SEMUA ATAS BANTUAN EYANG WORO MANGGOLO MEMBERIKAN ANGKA RITUALNYA KEPADA KAMI DAN TIDAK DI SANGKA SANGKA TERNYATA BERHASIL,BAGI ANDA YANG INGIN DIBANTU SAMA SEPERTI KAMI SILAHKAN HUBUNGI NO HP EYANG WORO MANGGOLO (0823-3744-3355) JANGAN ANDA RAGU ANGKA RITUAL EYANG WORO MANGGOLO SELALU TEPAT DAN TERBUKTI INI BUKAN REKAYASA SAYA SUDAH MEMBUKTIKAN NYA TERIMAH KASIH
    NO HP EYANG WORO MANGGOLO (0823-3744-3355)
    BUTUH ANGKA GHOIB HASIL RTUAL EYANG WORO MANGGOLO


    >>>>>TOTO TOGEL MALAYIA KLIK DISINI <<<<<

    DIJAMIN TIDAK MENGECEWAKAN ANDA APAPUN ANDA MINTA INSYA ALLAH PASTI DIKABULKAN BERGAUNLAH SECEPATNYA BERSAMA KAMI JANGAN SAMPAI ANDA MENYESAL
    angka;GHOIB: singapur
    angka;GHOIB: hongkong
    angka;GHOIB; malaysia
    angka;GHOIB; toto magnum 4d
    angka"GHOIB; laos…
    angka"GHOIB; macau
    angka"GHOIB; sidney
    angka"GHOIB: vietnam















    ReplyDelete
    Replies
    1. Jika teman2 butuh angka jitu 2d 3d 4d di jamin 100% tembus saya sudah membuktikan saya di bantu sama mbah sero 4d dan 2d pengeluaran sgp sama hk sudah 3X putaran saya menang syukur alhamdulillah hutang2 saya semua pada lunas bagi yang mau menang seperti saya hubungi 082_370_357_999 namanya mbah sero ATAU BUKA SITUS MBAH SERO DISINI

      Delete