Malayan Alliance Insurance (MAA, 1198, board financial group) announced that  it has reached the sale agreement with Zurich Insurance to sell  the Allianz  Insurance, MULTITOTO, MAPS and MAAGNET for 344  million ringgit  in cash to Zurich Insurance. Disposal proceeds of which 140 million ringgit medium term  bond redemption, another 40 million ringgit to repay the loan, the remaining 164 million ringgit  for working capital. The company said that as the deadline can not be achieved in the National Bank of the minimum capital adequacy ratio requirements, we must inject $ 660 27 million ringgit in order to meet the demand, so the company decided to sell off the life and general insurance business. In order to find suitable candidates, already looking four years, the end decided to accept the purchase offer in Zurich. After selling off the insurance business, because there is no core business of the company, which was included in PN17 companies in the world, due to the listing of Board of Directors intends to retain, thus restructuring and focus on existing takaful and unit trust business, to enhance future business growth.