KUALA LUMPUR: KURNIA ASIA BHD [] has received 'expressions of interests from certain parties' for a possible equity stake in its unit Kurnia Insurans (Malaysia) Bhd.
It said on Thursday, July 21that Bank Negara Malaysia had no objection in principle for it to start preliminary negotiations with the relevant interested parties.
However, it said Kurnia Insurans and the relevant party would need the approval of the Minister of Finance, with the central bank's recommendation under the Insurance Act, 1996 before entering into any agreement to dispose of its equity interest.
It said on Thursday, July 21that Bank Negara Malaysia had no objection in principle for it to start preliminary negotiations with the relevant interested parties.
However, it said Kurnia Insurans and the relevant party would need the approval of the Minister of Finance, with the central bank's recommendation under the Insurance Act, 1996 before entering into any agreement to dispose of its equity interest.
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