| Khazanah Nasional Bhd's acquisition of a 49% stake in life insurer CIMB Aviva Assurance Bhd and CIMB Aviva Takaful Bhd is a "safer bet" for Khazanah, said Inter-Pacific Securities head of research Pong Teng Siew.
"Khazanah's biggest problem is finding investments that fit their requirements thus financial institutions are safer bets for them," he told SunBiz. Khazanah has exposure to the insurance scene through its stakes in ACR Capital Holdings Bhd, Asia Capital Reinsurance Malaysia Sdn Bhd and ACR ReTakaful Holdings Limited which are present in the reinsurance and retakaful business...............................................Full Article: Source |