Prudential Increases Control of Malaysian Operations to Seventy Percent After Stake Purchase
Prudential plc has agreed to acquire a nineteen percent stake in Sri Han Suria for 1.52 billion ringgit. This move raises its ownership to seventy percent.
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Prudential plc , the London-headquartered insurance giant from the United Kingdom 
GB, has reached an agreement to acquire an additional 19 percent stake in Sri Han Suria, the holding company for its conventional life insurance operations in Malaysia 
MY. The transaction, valued at approximately 1.52 billion ringgit , equivalent to about 376.61 million dollars, will be executed through its wholly-owned subsidiary, Prudential Corporation Holdings. This acquisition will increase the group's controlling interest in Sri Han Suria to 70 percent from its current level.
GB, has reached an agreement to acquire an additional 19 percent stake in Sri Han Suria, the holding company for its conventional life insurance operations in Malaysia MY. The transaction, valued at approximately 1.52 billion ringgit , equivalent to about 376.61 million dollars, will be executed through its wholly-owned subsidiary, Prudential Corporation Holdings. This acquisition will increase the group's controlling interest in Sri Han Suria to 70 percent from its current level.
