Malaysia Dealbook: Hong Leong Financial aborts stake sale, Chembio buys RVR

Malaysia Dealbook: Hong Leong Financial aborts stake sale, Chembio buys RVR

M&A word scrabble

In Malaysia, the Hong Leong Financial Group aborted its tentative share disposal in its insurance companies –  and retains its 70 per cent holding in Hong Leong Assurance and 65 per cent ownership in Hong Leong MSIG Takaful. In another development, US diagnostic test manufacturer Chembio said it will acquire Malaysia-based RVR Diagnostics Sdn Bhd.

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