ACR Capital Holdings Pte. Ltd. completed the acquisition of Asia Capital Reinsurance Malaysia Sdn. Bhd. and ACR ReTakaful Holdings Ltd. through unit Asia Capital Reinsurance Group Pte Ltd.
ACR Capital Holdings now holds a 100% stake in Asia Capital Reinsurance Malaysia and ACR ReTakaful Holdings Ltd., compared with previously held stakes of 30% and 20%, respectively.
Following the acquisitions, ACR Malaysia and ACR ReTakaful Holdings, including operating entities ACR ReTakaful Bhd. in Kuala Lumpur and ACR ReTakaful MEA B.S.C. (c) in Bahrain, became wholly owned subsidiaries of Asia Capital Re.