Hong Leong in talks to sell life insurance stakes to Khazanah
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Kuala Lumpur
ANALYSTS see a win-win if Hong Leong Financial Group Bhd (HLFG) and Khazanah Nasional successfully conclude talks for Hong Leong's life insurance business: the Quek Leng Chan-controlled company gets to unlock value for shareholders, while the state investment company will be able to augment its portfolio of strategic assets.
A research head said of the potential deal for HLFG's 70 per cent stake in Hong Leong Assurance Bhd and 65 per cent interest in Hong Leong MSIG Takaful Bhd: "It would not be surprising."
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