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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

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