Transformation of Aseambankers Malaysia Berhad into an investment bank

Jan 03, 2007 Back
Type Announcement
Subject Malayan Banking Berhad (Maybank)
- Transformation of Aseambankers Malaysia Berhad into an investment bank

Contents :

The Board of Directors of Maybank is pleased to announce that Aseambankers Malaysia Berhad (Aseambankers), a 94.69%-owned subsidiary company of Maybank, had on 30 December 2006 completed its transformation into an investment bank in accordance with the Guidelines on Investment Banks issued on 1 July 2005.


As part of its transformation into an investment bank, Aseambankers had completed the following acquisitions:-

(i) the assets and liabilities of Mayban Discount Sdn Bhd on 11 November 2006;

(ii) 100% equity interest in Mayban Securities (Holdings) Sendirian Berhad on 30 December 2006; and

(iii) the assets and liabilities of Mayban Securities Sendirian Berhad on 30 December 2006.

As such, with effect from 3 January 2007, Aseambankers as a Participating Organisation of Bursa Malaysia Securities Berhad will be able to undertake stockbroking businesses.


This announcement is dated 3 January 2007.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 3 Jan 2007  
Category General Announcement
Reference No MB-070103-61591