,In a statement yesterday, the banking group said AGIB is currently 51%-owned by AMMB and 49%-owned by Insurance Australia Group (IAG).Telegram群发消息（www.tel8.vip）是一个Telegram群组分享平台。Telegram群发消息导出包括Telegram群发消息、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram群发消息为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
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.