新2投注平台出租（www.hg108.vip）:AmGeneral completes sale of unit to Liberty Insurance for RM2.29bil

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KUALA LUMPUR: AMMB Holdings Bhd’s 51 per cent-owned subsidiary AmGeneral Holdings Bhd (AGHB) has completed the sale of AmGeneral Insurance Bhd (AGIB) to Liberty Insurance Bhd (LIB) for RM2.29 billion, a statement from AmBank Group said today.

This follows the regulatory approval from the Minister of Finance and the signing of the share sale and purchase agreement with LIB, the statement said.

With the completion of the deal, LIB now has acquired 100 per cent of AGIB, previously 51 per cent-owned by AMMB and 49 per cent-owned by Insurance Australia Group.

As part of the sales agreement, AMMB has received cash amounting to RM287 million and a 30 per cent stake in AGIB and LIB valued at RM939 million.

新2投注平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。

In addition, AMMB has entered into a 20-year new bancassurance partnership for the distribution of general insurance products as part of the transaction.

AMMB said the operations of AGIB and LIB will be formally merged at a subsequent date, at which time it is expected that the combined entity will become a leading general insurer, as well as the largest motor insurer in Malaysia.

Group chief executive officer Datuk Sulaiman Mohd Tahir is confident that together, the company is now more than equipped to serve its enlarged customer base as well as business partners with innovative insurance solutions. - Bernama