Full Description

Idaman Unggul Berhad (IUB) is an investment holding company, whose principal activity is the provision of corporate, administrative and management support to its subsidiaries. The Company operates in two segments: insurance, which includes underwriting of life insurance and all classes of general insurance business, and other, which includes investment holding. IUB’s subsidiaries include Tahan Insurance Malaysia Berhad, F.T. Land Sdn. Bhd., PCM Synergy Sdn. Bhd., PICT Solution Sdn. Bhd. and Straight Effort Sdn. Bhd. On July 3, 2006, Tahan Insurance Malaysia Berhad disposed of its Life Insurance Business to AXA Affin Life Insurance Berhad. Waikiki Beach Hotel Sdn. Bhd., a wholly owned subsidiary of IUB, was also divested as part of the Life Insurance Business disposal. On January 17, 2007, the Company disposed IUB Asset Management Sdn Bhd. In November 2009, the Company announced that, Idris Hydraulic Industries Sdn Bhd, its subsidiary, has been dissolved.