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Takaful Malaysia expects to finalise STI revamp by June.
Byline: Rupinder Singh
KUALA LUMPUR: SYARIKAT Takaful Malaysia Bhd expects the restructuring of its Indonesian unit, PT Syarikat Takaful Indonesia (STI), to be completed in June this year.
"It should be finalised by the end of June," group managing director Mohammad Hassan Kamil said at the prize presentation ceremony for the 2011 Housing Loan Division, Treasury of Malaysia campaign (BPP campaign) here yesterday.
Business Times reported last month that Takaful Malaysia was doing away with its 56 per cent owned holding company STI as part of a restructuring of its Indonesian entities.
Once completed, Takaful Malaysia will be represented through its …
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- Takaful Malaysia: We'll still control unit.
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Magazine article from: Business Times (Malaysia)
March 16, 2012
700+ words
