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皇冠体育网址(www.hg108.vip)_AMMB sells stake in AmGeneral Insurance to Liberty Insurance

皇冠体育网址(www.hg108.vip)_AMMB sells stake in AmGeneral Insurance to Liberty Insurance

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KUALA LUMPUR: AMMB Holdings Bhd’s (AMMB) 51 per cent-owned subsidiary, AmGeneral Holdings Bhd (AGHB) has entered into a sale and purchase agreement (SPA) with Liberty Insurance Bhd (LIB), for the sale of its wholly-owned subsidiary, AmGeneral Insurance Bhd (AGIB).

AMMB said this follows through with regulatory approval received from the Ministry of Finance (MoF).

With regulatory approval in place, LIB will acquire 100 per cent of AGIB’s shares.

AGIB is currently 51 per cent-owned by AMMB and 49 per cent-owned by Insurance Australia Group (IAG).

"Upon completion of the deal, AMMB will receive its share of the sale proceeds in the form of cash and consideration shares.

"As a result, AMMB will hold a 30 per cent interest in the businesses of AGIB and LIB,” it said in a statement today.

AMMB said as part of the transaction, the company will enter into a 20-year new bancassurance partnership for the distribution of general insurance products.

The operations of AGIB and LIB will be formally merged at a subsequent date, which will be announced in due course.

AMMB group chief executive officer Datuk Sulaiman Mohd Tahir said the group is pleased to proceed with this strategic sale of its general insurance business.

"The presence of a strong global market leader like Liberty is key to not only driving our general insurance business towards sustained growth but also for us to continue leading in this segment.

"As a result of this sale and the subsequent merger of operations, we will be able to leverage our complementary strengths to drive accelerated growth in the local insurance market, and together, we look to become Malaysia’s largest motor insurer and leading property and casualty insurer,” he said. - Bernama


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  • 皇冠手机网址(www.hg108.vip) @回复Ta

    2022-07-05 00:21:13 

    另外,唐丽球示意丈夫因事情关系经常中港双方走,疫情下都维持半年在内地,半年在香港的生涯模式,笑言下次丈夫再到内地事情的话,或会做跟得夫人一起去,又说17岁的女儿由加拿大返港,有感当地的环境不适合自己,正计画转到韩国继续学业,她说:「囡囡一直都喜欢韩国的文化,但就不是迷韩团韩星,她都无设计做女团,纯粹是由于喜欢韩国,加上又以为加拿大的环境不适合自己才有这计画,我都有帮她放置,她只有17岁,就算停学一年想清晰之后想点都可以,做怙恃都管不了太多,她想实验都市只管让她试。(到时识个韩国男同伙点算?)我OK呀,但她爸爸可能会介意。」沉迷此文无法自拔

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