UK $32 Billion Insurance Giant Prudential to Pay Malaysia Shareholder (Detik Ria Sdn Bhd) $83 Million in Dividend Settlement to Resolve $833 Million Dividend Dispute (5% Interest Rate) with Legal Proceedings Filed in 2025 April, Detik Ria is 49% Shareholder of Sri Han Suria Sdn Bhd (Holding Company of Prudential Assurance Malaysia Berhad)
4th August | Hong Kong
UK insurance giant Prudential ($32 billion market value) will pay Malaysia shareholder (Detik Ria Sdn Bhd) $83 million in dividend settlement to resolve $833 million dividend dispute (5% interest rate), with legal proceedings filed in 2025 April. Detik Ria is 49% shareholder of Sri Han Suria Sdn Bhd (Holding company of Prudential Assurance Malaysia Berhad). Prudential (31/7/25): “We refer to the previous announcements by Prudential plc (“Prudential”), including on 30 April 2025, with an update about its ongoing shareholder dispute with Detik Ria Sdn Bhd (“Detik Ria”). Prudential has reached a full and final settlement regarding a dividend claim made by Detik Ria, the 49 per cent shareholder in Sri Han Suria Sdn Bhd (“SHS”), the holding company of Prudential Assurance Malaysia Berhad (“PAMB”). Detik Ria had initiated legal proceedings against Prudential in April 2025 regarding dividends for the equivalent of approximately USD$ 833 million* plus interest at a rate of 5 per cent. As a result of the settlement, the equivalent of USD$ 83 million* will be paid to Detik Ria by way of a dividend from SHS, which will be paid out of existing resources. In addition, Prudential has waived the equivalent of USD$ 33 million* which was owed by Detik Ria to one of Prudential’s subsidiaries as a result of the Federal Court decision referred to in the announcement of 30 July 2024. All proceedings in respect of the dispute are to be withdrawn. The settlement also provides for a mutual release of all liability from all ongoing claims and parties have agreed not to raise new claims for historic matters. It is governed by the laws of England and Wales and subject to Singapore arbitration. In aggregate, the unaudited effect of the settlement is expected to be a small increment to the Group’s IFRS shareholder equity. The accounting treatment of Prudential’s ownership interest in PAMB in the group financial statements of Prudential will continue to reflect a 49% non-controlling interest for the minority shareholding of Detik Ria.” Prudential – Prudential provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme. Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
“ UK $32 Billion Insurance Giant Prudential to Pay Malaysia Shareholder (Detik Ria Sdn Bhd) $83 Million in Dividend Settlement to Resolve $833 Million Dividend Dispute (5% Interest Rate) with Legal Proceedings Filed in 2025 April, Detik Ria is 49% Shareholder of Sri Han Suria Sdn Bhd (Holding Company of Prudential Assurance Malaysia Berhad) “
UK $32 Billion Insurance Giant Prudential to Pay Malaysia Shareholder (Detik Ria Sdn Bhd) $83 Million in Dividend Settlement to Resolve $833 Million Dividend Dispute (5% Interest Rate) with Legal Proceedings Filed in 2025 April, Detik Ria is 49% Shareholder of Sri Han Suria Sdn Bhd (Holding Company of Prudential Assurance Malaysia Berhad)
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
