ARBB - RM83.5million MoU with A Cambodia Public Insurance Company

CHRIS KHO | June 17, 2019

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Immediate after off market change hands of 3.93% of ARBB shares on 14/6/2019, on 17/6/2019 ARBB announced shareholding of one of his ED Mr Au Yee Boon increased to 6.29% The group also annnouce the above mentoned MoU which is going to be valid for 6 months (cautious MoU is not a contract  agreement)Can use the link to see the background of the insurnace company i.e. Eastern Insurance Plc httpwww.yuetai-insurance.comabout profile (Eastern Insurance Plc) httpswww.bloomberg.comquote600393CH (holding company of the Eastern Insurance Plc,HongKong Listed)This is another quatum leap after the MoU with Yess Communication, 3 IOT SEPCM and C&M Renewable Energy!Is this going to bring share price of ARBB for another up cycle?2019 Q1 result of ARBB shown a EPS of 4.56s based on the revenue of only RM12.427 million! ARBB also announced in the Q1 report than timber business will resume in April! Perhaps there will be another round of IB coverage soon!

Spotlight

General Insurance Corporation of India (GIC Re)

With more than three decades of experience in the re-insurance business, GIC of India, the Indian Reinsurer caters to the reinsurance needs of the country and also underwrites risks globally. GIC’s support to the Indian market comes in the form of obligatory cessions, company surplus treaties, market surplus treaties, Excess of Loss (XOL) protection to direct writing companies and facultative acceptances. GIC Re is spreading its wings to emerge as an effective reinsurance solutions partner in the world market and is an active partner in many agriculture reinsurance programmed of several insurance companies in SACRC countries, South East Asia, Middle East, Africa and Latin America.

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