|No wonder Kurnia share up pang pang sheng.|
Business & Markets 2012
|Written by Chong Jin Hun of theedgemalaysia.com|
|Wednesday, 04 April 2012 19:39|
In separate statements to the exchange on Wednesday, both companies said the minister of finance has approved the planned acquisition of KAB's 100%-owned subsidiary Kurnia Insurans (M) Bhd by AmG Insurance Bhd, which is 51% owned by AMMB.
Both AMMB and KAB said details on the transaction will be disclosed when both AmG and KAB sign a definitive agreement.