KUALA LUMPUR: Money-rich KSK Group Bhd plans to foray into the property sector and have earmarked key hotspots in the Klang Valley, Penang and Johor for investments, a serious shift from its current core normal insurance business in Malaysia. KSK Insurance (Thailand) Public Firm Limited is a normal insurance coverage company that turned part of the KSK Group in 2008. Pongpanu Damrongsiri joined KSK Insurance (Thailand) in January and earlier than that he was chief agency officer at Allianz Ayudhya Life Insurance. KSK developed the e-Cowl On-line Insurance coverage Portal last 12 months as its entrance-end system to assist its brokers to sell motor insurance.
Money-rich KSK Group Bhd plans to foray into the property sector and have earmarked key hotspots in the Klang Valley, Penang and Johor for investments, a serious shift from its current core basic insurance coverage enterprise ksk insurance indonesia in Malaysia. Chatting with the media after the AGM not too long ago, KSK ED and group CEO Joanne Kua Ying Fei mentioned KSK Land Sdn Bhd had been set up to enterprise into the property sector.
Using funds obtained from selling the group core insurance coverage subsidiary, Kurnia Insurans (M) Bhd to AmG Insurance Bhd, for MM1.63bil on Sept 26, 2012, the corporate is diversifying to different sectors. KSK Land is looking at combine-developments, focusing on constructing excessive-end residences, reasonably priced homes and townships, however that might depend upon the dimensions of land they'll purchase.