Prudential plc (PUK), an insurance and asset management company, Thursday announced that its unit Prudential Corporation Holdings Limited or PCHL has agreed to purchase an additional stake of 19 percent in Sri Han Suria Sdn. Bhd. or SHS the holding company that owns Prudential Assurance Malaysia Berhad for nearly $375 million from Detik Ria Sdn. Bhd. or DR.
Once the transaction concludes, Prudential plc will have 70 percent interest in SHS.
Further, PHCL has agreed to cooperate with DR regarding its divestment of the remaining 30 percent shareholding in SHS to one or more agreed third parties, should it decide to sell.
In pre-market activity, PUK shares were trading at $31.84, up 1.40% on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.