Shareholders of ACR Capital Holdings are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter have told Bloomberg.

The company’s owners, which include state investment firm Temasek Holdings of Singapore and sovereign wealth fund Khazanah Nasional of Malaysia, have asked banks to pitch for a role on a potential transaction, according to the people. A deal could value ACR at about $800m, the people said, asking not to be identified because the information is private.

A sale process could start as soon as early next year if they decide to proceed, the people said. No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, according to the people.

ACR announced an agreement to be acquired by Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings in October 2016, following a Bloomberg News report that a $1bn deal was imminent. About a year later the firm said the agreement between its owners, which also include Marubeni Corp and 3i Group, and the Chinese buyers had fallen apart.

Representatives for Khazanah, Temasek and 3i declined to comment. Representatives for ACR and Marubeni said they couldn’t immediately comment.

ACR owns Asia Capital Reinsurance Group, which the parent company calls Asia’s first independent reinsurance company serving clients from Korea to Vietnam.