Insurance Post

Tune Group plans to float insurance arm

Stock exchange

Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.

Tony Fernandes and Kamarudin Meranun, who founded Asia's biggest budget airline in 1993, plan to list Tune Insurance Malaysia, according to Reuters.

These include listings by AirAsia's long-haul arm

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