18.11.2009 - BIMB ends talks on takaful firm stake sale
From Btimes.com.my: BIMB Holdings Bhd (BHB) said it has ceased talks with Abu Dhabi-Kuwait- Malaysia Strategic Investment Corp (ADKMSIC) to sell a 49 per cent stake in its Islamic insurance arm, Syarikat Takaful Malaysia Bhd. In its filing to Bursa Malaysia yesterday, BHB said ADKMSIC had informed the group via a letter dated November 2 2009 that “in view of the changes in the current economic conditions, circumstances are no longer conducive for ADKMSIC to continue to pursue the proposal”............Full Article: Source