Nasir said it was too early to tell on how much stake EPF planned to buy. KWAP chief executive officer Datuk Wan Kamaruzaman Wan Ahmad said it was keen to acquire stakes in foreign-owned insurance companies. Meanwhile, Nasir said EPF would not know whether the foreign-owned insurers would sell the 30 per cent stake to just one entity or several parties. But they may not give all to us,” he said, adding that EPF was also investing in insurance companies overseas. Our understanding is that once we own interest substantially in a particular group of foreign companies, we wouldn’t be allowed to own interest in any other foreign insurance companies,” he said.

Source: New Strait Times November 06, 2017 03:22 UTC