Khazanah Said to Weigh Insurance Deal With Billionaire Quek

Updated on
  • Malaysian sovereign fund seeks to boost insurance operations
  • Deal could value stakes in Hong Leong units at $805 million

Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said.

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