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AMMB to book gain of RM644m from sale of insurer


KUALA LUMPUR: CIMB Equities Research estimates AMMB Holdings Bhd would book in a one-off divestment gain of RM644.6mil from the sale of AmGeneral Insurance (AI).

The research house said on Wednesday the divestment gain from the sale based on the assumed selling price of RM3.3bil, assumed tax rate of 24%, and AI’s shareholders’ fund of RM1.64bn at end-Sep 18. 

Analyst Reports , Banking , Insurance

   

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