Alliance Financial Group Bhd’s (AFG) disposal of its 30 per cent equity interest in AIA AFG Takaful Bhd (AIA AIG Takaful) for a total cash consideration of RM45 million was anticipated by analysts and would probably not leave much impact for the group.
According to an analyst from RHB Research Institute Sdn Bhd (RHB Research) in a research note yesterday, the disposal announcement was not too surprising as management had previously said that it was searching for a new partner to replace AIA following AIA’s acquisition of ING’s Malaysian operations (ING has a tie up with Public Bank)………………………………………..Full Article: Source