Great Eastern weighs options on stake

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: Singapore-based insurer Great Eastern Holdings Ltd (GEH) has announced that it is assessing possible options relating to a minority stake in Great Eastern Life Assurance (M) Bhd (GELA) to comply with foreign ownership requirements.

In a filing with the Singapore Exchange, GEH said the assessment of possible options was currently at the preliminary stage.