Hong Leong in talks to sell life insurance stakes to Khazanah
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."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA
ECB rate cut case getting stronger, says chief economist Lane
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami