COMPLETION OF THE DIVESTMENT OF MAYBAN UNIT TRUST BERHAD ("MUTB") TO AMANAH SAHAM NASIONAL BERHAD BY MAYBANK GROUP

Dec 01, 2006 Back
Type Announcement
Subject COMPLETION OF THE DIVESTMENT OF MAYBAN UNIT TRUST BERHAD ("MUTB") TO AMANAH SAHAM NASIONAL BERHAD BY MAYBANK GROUP

Contents :

We refer to the announcement on 29 May 2006 in relation to the Sale and Purchase Agreement (“SPA”) entered between Malayan Banking Berhad (“Maybank”), Aseambankers Malaysia Berhad (“Aseambankers”) and Mayban Securities Sdn Bhd (“MSSB”) with Amanah Saham Nasional Berhad (“ASNB”) for the purchase of the entire issued and paid up capital of MUTB.


Subsequently, on 27 November 2006, an announcement was made on the extension of the Condition Fulfillment Period as defined in the SPA to 2 February 2007.

Maybank hereby wishes to announce that all the conditions precedent set out in the SPA have now been satisfied. Accordingly, the disposal of the entire issued and paid up capital of MUTB by the Maybank Group representing 4,000,000 ordinary shares of RM1.00 each in MUTB was completed on 30 November 2006.

With the completion of the disposal, MUTB has ceased to be a subsidiary of the Maybank Group with effect from 30 November 2006.

 

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 1 Dec 2006  
Category General Announcement
Reference No MB-061201-59598