| 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") |
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(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcement dated 19 October 2023 in relation to the Proposed Acquisition) We refer to the Company’s announcement dated 19 October 2023 in relation to the Proposed Acquisition. The Board of Directors of Maybank wishes to announce that the Proposed Acquisition has been completed today. This announcement is dated 23 February 2024. |
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Announcement Info
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 23 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23022024-00073 |