KUALA LLUMPUR: Malayan United Industries Bhd (MUI) has applied to Bank Negara Malaysia for its approval to dispose of the insurance assets and liabilities of MUI Continental Insurance to Tokio Marine Insurans (Malaysia) Bhd.
MUI said on Thursday it had made the application on Tuesday for the disposal for a premium of RM180.23mil, as set out in the agreement for the sale and purchase of assets and liabilities.
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