Vincent Tan is considering selling his remaining 30% stake in Prudential Assurance Malaysia, according to multiple sources. [1, 2, 3, 4, 5] He has begun early-stage discussions with advisers about a potential divestment, though talks remain preliminary and no final decision has been reached. [1, 2, 3, 4, 5]
Tan previously sold a 19% stake in the company earlier in 2026, reducing his holdings to the current 30%. [1, 2, 3, 4, 5] That earlier stake sale followed a 2023 legal settlement between Tan's investment vehicle, Detik Ria Sdn Bhd, and Prudential Plc, which valued the Malaysian business at RM8 billion. Detik Ria has ties to the Johor royal family. [2, 3, 5]
Sources say Tan may seek a sale price on the remaining stake that implies a total valuation of RM20 billion (approximately US$5 billion) or more for Prudential Assurance Malaysia. [1, 2, 3, 4, 5] However, pricing remains subject to negotiation and buyer interest could affect final terms. [2, 3, 4, 5]
Due to Malaysian ownership rules capping foreign shareholding at 70%, any purchaser of the 30% stake must be a Malaysian entity. [2, 3, 5] Vincent Tan declined to comment on the possible sale. Prudential Plc and its Malaysian unit did not respond to requests for comment. [1, 2, 3, 4, 5]
Timeline of key events shows that in 2023 Detik Ria settled a dispute with Prudential Plc and sold a 19% stake at an RM8 billion valuation, leaving Prudential with 70% and Tan 30%. [2, 3, 5] Earlier in 2026, Tan sold 19% of his stake. Now in May 2026, he is exploring selling the remaining 30%. [1, 2, 3, 4, 5]
Any sale will proceed only if both parties reach agreement on price and terms. Discussions are ongoing without set deadlines.
