Billionaire Vincent Tan is considering reducing his holdings in Prudential Assurance Malaysia Bhd., according to people familiar with the matter. Tan holds about a 30% stake in the insurer and is now mulling a potential sale of that remaining position after previously cutting his stake earlier this year. One report says he has already sold a 19% holding earlier this year, leaving him with roughly the 30% stake under consideration. Another source adds that the potential sale is being discussed at a valuation that would place the business at RM20 billion or more, though the information does not specify whether a deal will be reached or the timing of any transaction. The reports do not provide details on whether the shares would be sold to a single buyer or through a process involving multiple parties, nor do they disclose any expected impact on Prudential Malaysia’s operations. The information is described as preliminary, and it remains unclear if Tan proceeds with the sale or retains his stake.