Acquisition by FWD Group of a further stake in FWD Takaful Berhad, resulting in FWD Group becoming the majority shareholder in FWD Takaful
Advised FWD Group on the acquisition of a further 21% stake in FWD Takaful from Employees Provident Fund (EPF) and JAB Capital Berhad. Upon completion of the acquisition, FWD became the majority shareholder of FWD Takaful.
FWD Group first entered the Malaysian market in 2019 as a provider of family takaful products with its acquisition of a 49% interest in FWD Takaful. Rahmat Lim & Partners advised on the initial acquisition as a Malaysian counsel. This transaction is a step-up of FWD Group’s stake in FWD Takaful, further strengthening its footprint in the Southeast Asia markets.
Advising the Facilities were Partners Ang Sinn E, Chia Chee Hoong and Principal Yap Jing Shin.