Malayan Banking Bhd
(Maybank) is looking to unlock value by listing its insurance arm as part of its major shareholder Permodalan Nasional Bhd’s (PNB) plan to sweat the assets of its investments, say sources.
The listing, if it takes place, will add to the large number of companies going public on Bursa Malaysia this year, as the market has turned more receptive to new issuances following a lull.
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