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: Great Eastern Holdings Ltd is reportedly planning to dispose of its stake in its Malaysian operations for as much as US$1bil (RM4.19bil).
According to The Wall Street Journal (WSJ), the Singapore-listed insurer had already engaged a Malaysian bank to discuss the potential deal.
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