MUI seeks approval to sell insurance unit
Publish date: Thu, 12 Apr 2012, 09:18 AM
Malayan United Industries Bhd said it applied for approval from Malaysia's central bank to sell the general insurance assets and liabilities of MUI Continental Insurance Bhd to Tokio Marine Insurans (Malaysia) Bhd for a premium of RM180.2 million.
Malayan United owns 52.2 per cent of MUI Continental, according to a Kuala Lumpur exchange filing today. -- Bloomberg
Malayan United owns 52.2 per cent of MUI Continental, according to a Kuala Lumpur exchange filing today. -- Bloomberg
Labels: MUIIND
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So what's in it for minority stakeholders?
2012-04-12 14:27