“Parties to the implementation agreement have mutually agreed not to pursue the proposed acquisition,” reads GEH’s announcement, without providing further details.
Great Eastern Holdings’ (GEH) Malaysian subsidiaries have called off a proposed acquisition of AmMetLife Insurance Berhad and AmMetLife Takaful Berhad after more than a year.
In a Feb 3 bourse filing, GEH says its Malaysian subsidiaries Great Eastern Life Assurance (Malaysia) Berhad (GELM) and Great Eastern Takaful Berhad (GETB) have terminated an implementation agreement with AMAB Holdings Sdn Bhd and MetLife International Holdings on the proposed acquisition, which was first announced on Oct 2, 2023.
