Two bid for Maika’s OCA stake


PETALING JAYA: Two financial institutions have put in a bid of RM1.59 per share to acquire the controlling stake in Oriental Capital Assurance Bhd (OCA) from Maika Holdings Bhd, according to sources. A source said the two interested financial institutions consisted of a bank and an insurance company that had tendered in their bids between last October and November.

“The bids are currently being deliberated by Bank Negara,” the source told StarBiz yesterday.

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