,In a statement yesterday, the banking group said AGIB is currently 51%-owned by AMMB and 49%-owned by Insurance Australia Group (IAG).博彩网址平台（www.99cx.vip）是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。博彩网址平台上博彩网址平台会员登录线路、博彩网址平台代理网址更新最快。博彩网址平台开放皇冠官方会员注册、皇冠官方代理开户等业务。
KUALA LUMPUR: AMMB Holdings Bhd’s 51%-owned subsidiary, AmGeneral Holdings Bhd (AGHB), has obtained approval from the Finance Minister for the sale of its wholly-owned subsidiary AmGeneral Insurance Bhd (AGIB) to Liberty Insurance Bhd (LIB).
In a statement yesterday, the banking group said AGIB is currently 51%-owned by AMMB and 49%-owned by Insurance Australia Group (IAG).
Upon completion of the deal, which is subject to customary closing conditions, LIB will acquire 100% of AGIB’s shares while AMMB will receive its share of the sale proceeds in the form of cash and consideration shares.
As a result, AMMB will hold a 30% interest in the businesses of AGIB and LIB.
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