| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY") - PROPOSED ACQUISITION OF 8,336,404 ORDINARY SHARES IN MAYBANK ASSET MANAGEMENT GROUP BERHAD ("MAMG"), REPRESENTING 20% OF THE TOTAL ISSUED SHARE CAPITAL OF MAMG, FROM PERMODALAN NASIONAL BERHAD ("PNB") FOR A CASH CONSIDERATION OF RM70,391,800 PURSUANT TO THE EXERCISE OF THE PUT OPTION GRANTED BY MAYBANK TO PNB ("PROPOSED ACQUISITION") |
The Board of Directors of Maybank wishes to announce that the Company had on 19 October 2023 entered into a conditional share sale agreement with PNB in relation to the Proposed Acquisition.
Further details of the Proposed Acquisition are set out in the attachment enclosed.
This announcement is dated 19 October 2023.
Please refer attachment below.
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 19 Oct 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19102023-00022 |