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Singapore-based Great Eastern Holdings Ltd. and Japan-based Tokio Marine Holdings Inc. are in talks to sell about 30% of their business in Malaysia to comply with the country's new foreign ownership rules, Bloomberg reported. Under the rules, overseas insurers need to sell at least 30% of their domestic businesses via strategic stake sales or local initial public offerings by the end of June. Foreign insurers will have to sell the stake to local organizations, which limits the pool of buyers to four entities.