Bank Negara approved MNRB's acquisition of Labuan Re
Photo: New Straits Times
KUALA LUMPUR: MNRB Holdings Bhd has secured Bank Negara Malaysia's approval to acquire an 80 per cent stake in Labuan Reinsurance (L) Ltd (Labuan Re) for US$100.69 million (RM400.49 million), bringing the proposed deal closer to completion.
From the original report
In a bourse filing, MNRB said the central bank approved the acquisition on Aug 21 under Section 85(1)(a) of the Financial Services Act 2013, subject to the company obtaining the necessary regulatory approval from the Labuan Financial Services Authority (Labuan FSA).
The approval is one of several conditions attached to the proposed acquisition, which was first announced on May 19.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
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About this story
- Source
- New Straits Times
- Originally published
- Aug 24, 2026
- Updated here
- Aug 24, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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