Tune Ins to finalise Indonesian buy by mid-year

Tune Ins Holdings Bhd CEO Junior Cho

KUALA LUMPUR: Tune Ins Holdings Bhd will finalise its Indonesian acquisition by the middle of this year, said chief executive officer Junior Cho (pic).

“We are close to submitting for an approval for the said acquisition. We are still in negotiation and are on track. At the IPO we said we would not spend more than US$10mil (RM35.4mil) – we would spend much lower than that for this acquisition,” Cho said.