KUALA LUMPUR: Certain foreign insurers may consider listing in Malaysia to meet the minimum shareholding requirement of 30%, CIMB analyst Winson Ng writes in note.
* Enforcement of the rule may lead to M&As
* Bank Negara in June reinforced the requirement that foreign insurers must have a local shareholding of at least 30% by June
* Malaysian life insurance is dominated by three foreign life insurers: AIA, Great Eastern and Prudential
* Total market capitalization of the three would be 19.1b ringgit
* NOTE: July 4, Malaysia Says Foreign Insurers Should Adhere to Holdings Pact