KUALA LUMPUR: Tune Ins Holdings Bhd's (TIH) proposal to buy 50%-plus-one-share of Indonesian insurer, PT Asuransi Staco Mandiri will not impact its A1/Stable/P1 ratings, according to RAM Ratings.
The ratings agency said on Thursday the proposed RMM22.8mil acquisition would be funded internally via its initial public offering proceeds.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
