August 15, 2012 / 12:20 PM / 5 years ago

Malaysia's DRB-Hicom says sees interest in insurance business

KUALA LUMPUR, Aug 15 (Reuters) - Malaysian automotive-to-insurance conglomerate DRB-Hicom Bhd said it had received expressions of interest from certain parties to buy a stake in its insurance businesses.

Life insurance premiums in the region have been forecast to grow rapidly on the back of strong economic growth.

DRB-Hicom ended 1.55 percent lower at 2.54 ringgit per share on Wednesday, underperforming the broader index’s 0.05 percent rise. (Reporting By Yantoultra Ngui; Editing by Helen Massy-Beresford)

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