| Type | Announcement |
| Subject | MALAYAN BANKING BERHAD ("MAYBANK" OR "THE COMPANY") ACQUISITIONS BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), WHICH IS 70%-OWNED BY MAYBANK AND 30%-OWNED BY FORTIS INSURANCE INTERNATIONAL N.V. ("FORTIS"), OF: (A) 21,721,234 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 7.61% OF THE ISSUED AND PAID UP SHARE CAPITAL OF MNI HOLDINGS BERHAD ("MNIH") FROM PERMODALAN NASIONAL BERHAD ("PNB"); AND (B) 188,339,262 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 66.01% OF THE ISSUED AND PAID UP SHARE CAPITAL OF MNIH FROM AMANAH RAYA NOMINEES (TEMPATAN) SDN BHD - SKIM AMANAH SAHAM BUMIPUTERA ("ARN-ASB"). COLLECTIVELY REFERRED TO AS THE "MNIH ACQUISITION" |
On behalf of Maybank, Aseambankers Malaysia Berhad is pleased to announce that the approval of the Ministry of Finance (through Bank Negara Malaysia) for the MNIH Acquisition had been received vide Bank Negara Malaysia's letters dated 25 and 28 November 2005 respectively.
With the receipt of the abovementioned approval, all conditions to the Sale of Shares Agreement dated 29 August 2005 between Mayban Fortis, PNB and ARN-ASB for the MNIH Acquisition ("SSA") have been met.
This announcement is dated 28 November 2005.
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 28 Nov 2005 |
| Category | General Announcement |
| Reference No | CU-051128-45487 |