Great Eastern to sell stake in Malaysian ops for RM4.19bil

The WSJ said both Prudential and Tokio Marine planned to sell close to a third of the shares in their Malaysian units. These deals could potentially raise US$3bil collectively over the next nine months.

PETALING JAYA: Great Eastern Holdings Ltd is reportedly planning to dispose of its stake in its Malaysian operations for as much as US$1bil (RM4.19bil).

According to The Wall Street Journal (WSJ), the Singapore-listed insurer had already engaged a Malaysian bank to discuss the potential deal.