Uni.Asia Capital gets green light from Bank Negara to proceed with disposal talks

DRB Hicom Bhd's unit, Uni.Asia Capital Sdn Bhd, received the okay from Bank Negara Malaysia today to proceed with its proposed disposal talks.

On August 15, Uni.Asia submitted an application to the central bank for the proposed disposal of its 100% stake.

This involved the sale and purchase agreement talks with a company to be respectively owned by the Prudential Insurance Company of America and Bank Simpanan Nasional on a 70:30 percent shareholding basis.

As the proposed disposal is subject to the execution of the sale and purchase agreement at a later date, further details will be announced in due course, the conglomerate said in a filing to Bursa Malaysia today.

Uni.Asia is a 51%-owned subsidiary of Gadek (Malaysia) Bhd, which in turn is a wholly-owned subsidiary of DRB Hicom. – Bernama, December 19, 2013.


Please refrain from nicknames or comments of a racist, sexist, personal, vulgar or derogatory nature, or you may risk being blocked from commenting in our website. We encourage commenters to use their real names as their username. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments