Sign up | Log in



Home  >>  Daily News  >>  Malaysia  >>  Capital Markets  >>  Japanese firm in tie-up with Malaysia’s Hong Leong Group

NEWS UPDATES 23 May 2009

Japanese firm in tie-up with Malaysia’s Hong Leong Group

Related Stories

May 17, 2009
Malaysian importer plans to restart UK LDV production

May 15, 2009
Malaysian bank posts 15% increase in Q1 net profit

May 10, 2009
Malaysia bourse to merge boards in August

May 7, 2009
Malaysia’s CIMB seeks 15% loan growth in Thai market

April 25, 2009
Malaysia set to announce financial deregulation

April 6, 2009
Malaysia's CIMB to close 60 branches 

Japanese firm in tie-up with Malaysia’s Hong Leong Group
Mitsui Sumitomo Insurance Co is negotiating with Malaysia's Hong Leong Financial Group Bhd to integrate the companies' nonlife operations in the Malaysian market, the Nikkei business daily said without citing sources, reported Reuters.

The Japanese insurer plans to take a stake in the insurance operations of Hong Leong, with the size of the interest and other details to be fleshed out later, the paper said.

The Malaysian group's nonlife segment would be spun off for an integration with Mitsui Sumitomo's local unit in Malaysia, Nikkei said.

According to the story, Mitsui Sumitomo also plans to forge a partnership with the Hong Leong's banking arm in sales of insurance products.

With the Japanese nonlife insurance market shrinking, Mitsui Sumitomo is seeking to expand its overseas operations by establishing alliances with counterparts in emerging nations, the paper said.










Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand