ID :
376351
Wed, 08/05/2015 - 06:00
Auther :

Tune Ins Waiting For Approvals To Buy Indonesia's ASM

KUALA LUMPUR, Aug 5 (Bernama) -- Tune Ins Holdings Bhd, a Malaysia-based investment holding company, is still in discussions and awaiting the necessary approvals from the regulators to proceed with the acquisition of a 50 per cent-plus-one-share equity interest in Indonesian insurer, PT Asuransi Staco Mandiri (ASM). "Tune Ins will continue to make appropriate announcements when there is any further development on this matter," the company said in a filing to Bursa Malaysia (Malaysia's Stock Exchange) on Tuesday. Tune Ins in May this year announced its intention to acquire a majority stake in ASM for US$5.87 million (RM22.8 million). --BERNAMA

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