KUALA LUMPUR: British insurer Prudential says it has agreed to buy an additional 19% stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around RM1.52bil.
The move increases Prudential’s control of its conventional life business in Malaysia to 70% and comes after Prudential reached a “full and final settlement” in July 2025 over a dividend claim brought by Detik Ria, the minority shareholder in Sri Han Suria, following a long-running dispute.
Prudential said in a statement that the purchase would be made by Prudential Corp Holdings, a wholly-owned unit, from Detik Ria.
Prudential Assurance Malaysia, together with Prudential’s interest in the syariah business of Prudential BSN Takaful Bhd, make up its Malaysian life insurance business, Prudential said. — Reuters
