Core Viewpoint - Prudential (02378) has agreed to acquire an additional 19% stake in SHS from Detik Ria Sdn.Bhd. for approximately 1.52 billion MYR (about 375 million USD), increasing its total ownership to 70% after the transaction is completed [1] Group 1: Transaction Details - The acquisition has received approval from Bank Negara Malaysia and is expected to be completed in the short term [1] - SHS is the holding company of Prudential Assurance Malaysia Berhad (PAMB), which operates Prudential's traditional life insurance business in Malaysia [1] - The transaction includes a provision that if DR decides to sell its remaining 30% stake in SHS, PCHL will cooperate with DR regarding the sale to mutually agreed third parties [1] Group 2: Company Commitment and Strategy - The CEO, Anil Wadhwani, emphasized Prudential's long-standing commitment to serving Malaysian families and its confidence in the country's insurance market [1] - The company aims to continue focusing on its strategic implementation and disciplined capital allocation framework to create long-term value for customers and communities across Malaysia [1]

Core Viewpoint - Prudential (02378) has agreed to acquire an additional 19% stake in SHS from Detik Ria Sdn. Bhd. for approximately 1.52 billion MYR (about 375 million USD), increasing its total ownership to 70% [1] Group 1: Transaction Details - The transaction has received approval from Bank Negara Malaysia and is expected to be completed in the short term [1] - SHS is the holding company of Prudential Assurance Malaysia Berhad (PAMB), which operates Prudential's traditional life insurance business in Malaysia [1] - Upon completion, if DR decides to sell its remaining 30% stake in SHS to a third party, PCHL agrees to cooperate with DR regarding the sale [1] Group 2: Company Commitment and Strategy - The CEO, Anil Wadhwani, emphasized Prudential's long-standing commitment to serving Malaysian families and its confidence in the market's prospects [1] - The company aims to continue focusing on its strategy and ensure long-term value creation for customers and communities across Malaysia through disciplined capital allocation [1]