1. Sometimes ago ACAP expressed it's intention to exit insurance business by disposing its stake (about 73%). But, asking prices was much higher than the sold price of 120/- (some says it was about 160-190/-)
2. There was a wide spreaded speculation that RICH is going to aquir the controlling stake of ACAP (they already hold 25%). At the AGM of RICH, Dr.Y, expressed that they are in the middle of aquire an insurance company and a RFC, and most of us guess RICH going to buy AAIC.
If it was the case, have RICH lost the race to SHL?
3. Few days ago SHL annunced that they are going to buy a insurance and today ACAP confirmed that it they are to sell AAIC to SHL. Did SHL buy AAIC at the correct price??
4. Finally for AAIC, will SHL can further add value to their business? or Is RICH was a better partner?
Can you add your thoughts on this please....