MNRB

2.680

-0.02 (-0.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MNRB HOLDINGS BERHAD ("MNRB" OR "COMPANY") ACQUISITION OF 80% EQUITY INTEREST IN LABUAN REINSURANCE (L) LTD ("LABUAN RE") BY MNRB FOR A TOTAL CASH CONSIDERATION OF USD100,689,242.02 (EQUIVALENT TO RM400,491,460.14) ("ACQUISITION")

MNRB HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
MNRB HOLDINGS BERHAD ("MNRB" OR "COMPANY")

ACQUISITION OF 80% EQUITY INTEREST IN LABUAN REINSURANCE (L) LTD ("LABUAN RE") BY MNRB FOR A TOTAL CASH CONSIDERATION OF USD100,689,242.02 (EQUIVALENT TO RM400,491,460.14) ("ACQUISITION")

We refer to the announcements dated 19 May 2026, 16 June 2026, 6 August 2026 and 14 August 2026 in relation to the Acquisition ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, Affin Hwang IB wishes to announce that Bank Negara Malaysia had via its letter dated 21 August 2026 approved the Acquisition pursuant to Section 85(1)(a) of the Financial Services Act 2013, subject to MNRB obtaining the necessary regulatory approval from Labuan Financial Services Authority.

 

This announcement is dated 24 August 2026.



Announcement Info

Company Name MNRB HOLDINGS BERHAD
Stock Name MNRB
Date Announced 24 Aug 2026
Category General Announcement for PLC
Reference Number GA1-24082026-00038


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