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Takaful Malaysia plans special purpose vehicle in Labuan IOFC

Posted on 18 June 2012

Syarikat Takaful Malaysia Bhd (Takaful Malaysia) will set up a wholly-owned subsidiary as a special purpose vehicle (SPV) in Labuan International Offshore Financial Centre (IOFC) to invest and hold its overseas property investment.
Earlier, Takaful Malaysia said it would venture into the overseas property investment market for the benefit of its stakeholders. It is now close to concluding a deal, in the UK property market. To realise this, it is considering the Labuan IOFC as a platform to hold all its overseas property investments………………………………………..Full Article: Source

 
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