KUALA LUMPUR: Billionaire Vincent Tan is considering selling his 30% stake in Prudential Assurance Malaysia Bhd., people with knowledge of the matter said, after already offloading a 19% holding earlier this year.
Sunday 31st May 2026
Tan is talking to advisers about a possible divestment, the people said, asking not to be identified because the information is private. He may seek to sell at a price that values the entire business at RM20 billion or more, one of the people said.
Deliberations are at an early stage and might not result in a sale, while the amount sought could also change, the people said.
Tan’s Detik Ria Sdn., which is also linked to the royal family of Johor, and Prudential plc settled a long-running legal dispute last year that resulted in the sale of a 19% stake to the UK insurer.
The agreement valued the Malaysian unit at about RM8 billion and left Detik Ria with a 30% holding and Prudential with 70%, the limit under Malaysian rules for foreign investors in local insurers. A buyer for Tan’s stake would need to be Malaysian.
Vincent Tan declined to comment. Prudential and the Malaysian unit did not respond to requests for comment.
Vincent Tan’s Detik Ria Sdn and Prudential plc settled a long-running legal dispute last year that led to an earlier sale of a 19% stake to the UK insurer. (Bernama pic)


