They want ALLIANZ MALAYSIA to payout more dividend like LPI Manulife, tunepro, LPI not perfome well too. Or more and more insurance player like prudential, aia, great eastern, axa, companies to be listed here and give more choices to investor. EPF selling bcos top up the new insurance IPO. Future the insurance company may think and layout good strategies to lures investor stay on with them. I think that was good... Wait and see 1st, dun bottom fishing.
Maybank preparing to spin off insurance unit, sources say Our Reporter2018-04-18 19:01:57 Etiqa, which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least US$1 billion (RM3.89 billion), two sources said. It would have a bigger market value than insurance peer Syarikat Takaful Malaysia Bhd, which is valued at about US$700 million.
Maybank’s insurance business is called Etiqa International Holdings Sdn Bhd, which owns 69 per cent of Maybank Ageas Holdings Bhd while Ageas, the Brussels-based international insurer holds the remainder. Maybank Ageas owns various Etiqa units.
Maybank and Etiqa had no immediate response to Reuters queries and Ageas declined to comment.
As part of the transaction, Maybank’s investors will receive shares in the insurance company in proportion to their existing holding in the bank, the sources said, adding that no new money is expected to be raised in the listing.
Maybank, Etiqa and Ageas have appointed investment banks for the spin off, said the sources, who declined to be identified as news of the listing is not public.
“The listing will help Maybank unlock value and get it higher valuations,” said a source, adding that Maybank aims to list the insurance business later this year. — Reuters
Epf cease to be substantial shareholder but aberdeen become substantial shareholder. I believe recent volume surge is changing hands between epf n aberdeen. So no isue,of company. Wil rebound back to previous px
Only EPF knows its motive... it has caused several stk price sharp drop due to its selling. It could have sold at better price but it prefer for less.. no idea.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jururawat
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Posted by Jururawat > 2018-04-17 20:51 | Report Abuse
They want ALLIANZ MALAYSIA to payout more dividend like LPI
Manulife, tunepro, LPI not perfome well too.
Or more and more insurance player like prudential, aia, great eastern, axa, companies to be listed here and give more choices to investor. EPF selling bcos top up the new insurance IPO.
Future the insurance company may think and layout good strategies to lures investor stay on with them.
I think that was good...
Wait and see 1st, dun bottom fishing.