It would mark Ping An’s biggest-ever acquisition by far, and would likely be one of the largest Chinese overseas deals in a year marked by growing resistance to investment from China.
Prudential reported first-half profit from its Asian operations soared 14% ahead of a spinoff that would separate its UK operations from faster-growing markets elsewhere.
The Swiss insurer could get RM390 million from sale.
Britain’s largest insurer is benefiting from an expanding middle class and growing insurance coverage in Asia, where it gets about a third of its earnings.
Insurance giant's Malaysian unit considering sale to comply with Bank Negara guideline for maximum of 70% foreign ownership by June this year
As the Bank Negara-imposed deadline on foreign ownership limits in insurance companies nears, some are still mulling over the options available to them.
The 2017 Prudential Relationship Index shows the dire straits of most Malaysians when it comes to retirement living, with 59% worrying they may not have enough money.
According to a survey by Prudential, while Malaysians, and Asians, welcome technology, they agree that the handphone is adversely affecting personal relationships.
Pension giants considering acquiring minority stake in one of the locally incorporated foreign-owned life insurance companies.
Pension funds considering acquiring minority stake in locally incorporated life insurance companies owned by overseas firms.
Report says 30% stake in Malaysian subsidiaries has a potential value of US$3 billion.
83% of Malaysians say their partners express love for them, compared to an average of 76% across Asia.