KUALA LUMPUR: KSK Group Bhd is expertly baiting the moneyed prime-tier of the population with measured bulletins pertaining to its wholly-owned subsidiary KSK Land Sdn Bhd's first property improvement project eight Conlay” in Jalan Conlay, Kuala Lumpur. In Malaysia, the KSK Group focuses fully on the property business, and it'd consider investing on this business in Thailand to ascertain synergy with its insurance coverage unit. As testomony to our dedication to serve the local market, PT KSK Insurance coverage Indonesia was awarded as the third Greatest Insurer with Equity Under IDR50 Billion by Media Asuransi in 2009. We offer a complete range of basic insurance coverage merchandise catering to the needs of each people and companies alike.
Cash-wealthy 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 present core basic insurance coverage business asuransi ksk in Malaysia. Talking to the media after the AGM just lately, KSK ED and group CEO Joanne Kua Ying Fei said KSK Land Sdn Bhd had been set up to enterprise into the property sector.
KSK Group, formerly often known as Kurnia Asia Bhd, is now within the strategy of being privatised via a proposed selective capital discount (SCR) and reimbursement train that is expected to complete by fourth-quarter 2013. Concerning its abroad insurance enterprise, Kua stated KSK's subsidiaries, PT KSK Insurance Indonesia and KSK Insurance (Thailand) pcl, are growing and hope to break even this yr. KSK is focusing on 1.1 billion baht (RM112mil) in Thailand and 300 billion rupiah (RM96mil) in Indonesia in gross premiums in 2013.