Listing candidate: Customers using ATMs at Maybank headquarters. Maybank’s insurance unit Etiqa is estimated to be worth at least RM3.89bil.
SINGAPORE: Malayan Banking Bhd
(Maybank) is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said.
Etiqa, which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least US$1bil (RM3.89bil), two sources said.
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