Investor Relations: News

Sep 14, 2009 Back

Type	Announcement
Subject	Members' Voluntary Liquidation of Mayban Factoring Berhad and Mayfin Nominees (Tempatan) Sdn. Bhd.
Contents	Malayan Banking Berhad (“Maybank”) wishes to announce that its wholly-owned subsidiaries, Mayban Factoring Berhad (“MFB”) and Mayfin Nominees (Tempatan) Sdn. Bhd. (“MNT”) held an Extraordinary General Meeting (“EGM”) each on 14 September 2009 whereby it was resolved respectively, that MFB and MNT be wound up voluntarily. The shareholders of MFB and MNT had also at the EGMs approved the appointment of Ms. Chua Siew Chuan as the liquidator. MFB is currently inactive and was previously involved in the business of credit factoring until the cessation of its operations in 2002. MNT has been dormant since the transfer of its nominee service operations to Mayban Nominees Sdn. Bhd., a fellow subsidiary in January 2005. The voluntary liquidations of MFB and MNT are not expected to have any material effect on the earnings and net tangible assets of the Maybank Group. None of the directors or substantial shareholders of Maybank or persons connected to them has any interest in the voluntary liquidation. This announcement is dated 14 September 2009.