MNRB

2.910

-0.01 (-0.3%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MNRB HOLDINGS BERHAD ("MNRB" OR "COMPANY") PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN LABUAN REINSURANCE (L) LTD BY MNRB FOR A TOTAL CASH CONSIDERATION OF USD100,689,242.02 (EQUIVALENT TO RM400,491,460.14) ("PROPOSED ACQUISITION")

MNRB HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
MNRB HOLDINGS BERHAD ("MNRB" OR "COMPANY")

PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN LABUAN REINSURANCE (L) LTD BY MNRB FOR A TOTAL CASH CONSIDERATION OF USD100,689,242.02 (EQUIVALENT TO RM400,491,460.14) ("PROPOSED ACQUISITION")

We refer to the announcements dated 19 May 2026 and 16 June 2026 in relation to the Proposed Acquisition ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.


On behalf of the Board, Affin Hwang IB wishes to announce that the Company has been notified by the Vendors of the following:

  1. Labuan Re, on behalf of the Vendors, has on 6 August 2026 submitted its application in relation to the Proposed Acquisition to Labuan FSA for its approval pursuant to Section 107(1) of the Labuan Financial Services and Securities Act 2010; and
  2. Labuan Re will be submitting the application in relation to the indirect change of control of LRUL pursuant to the Proposed Acquisition to Lloyd's for its approval as per the terms of the SPA.

An announcement on the status of Labuan Re's application to Lloyd's will be made by the Company in due course.


This announcement is dated 6 August 2026.



Announcement Info

Company Name MNRB HOLDINGS BERHAD
Stock Name MNRB
Date Announced 06 Aug 2026
Category General Announcement for PLC
Reference Number GA1-03082026-00040


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