To view hyperlinks or photographs in signatures your submit rely must be 10 or better. Cindy Kua, govt director of KSK Group, stated the group needed to pay attention its insurance enterprise in Thailand and Indonesia after selling its insurance coverage business in Malaysia. Inside fundamentals ought to be stronger for the Thai unit, she stated, and the company hopes the new CEO can propel KSK Insurance coverage (Thailand) into the top 10.
Cash-wealthy KSK Group Bhd plans to foray into the property sector and have earmarked key hotspots within the Klang Valley, Penang and Johor for investments, a serious shift from its current core normal insurance coverage enterprise in Malaysia. Chatting with the media after the AGM not too long ago, KSK ED and group CEO Joanne Kua Ying Fei said KSK Land Sdn Bhd had been set up to enterprise into the property sector.
KSK Group, previously often known as Kurnia Asia Bhd, is now within the technique of being privatised by way of a proposed selective capital discount (SCR) and compensation exercise that is expected to complete by fourth-quarter 2013. Bearing pt ksk insurance indonesia on its overseas insurance enterprise, Kua said KSK's subsidiaries, PT KSK Insurance coverage Indonesia and KSK Insurance coverage (Thailand) pcl, are growing and hope to interrupt even this 12 months. KSK is focusing on 1.1 billion baht (RM112mil) in Thailand and 300 billion rupiah (RM96mil) in Indonesia in gross premiums in 2013.