Malayan Banking Berhad ("Maybank") wishes to announce that one of its indirect subsidiaries, Mayban Securities (H.K.) Limited (“MSHK”), which applied for deregistration on 1 April 2014, has been dissolved on 15 May 2015.

MSHK is a subsidiary of Maysec Sdn Bhd which in turn is wholly owned by Maybank Investment Bank Berhad(“Maybank IB”). Maybank IB is a wholly owned subsidiary of Maybank.

MSHK was set up initially to undertake share and stockbroking business. The liquidation of MSHK was part of the corporate rationalisation exercise at Maybank IB. 

The dissolution of MSHK will not have any material effect on the consolidated earnings or net assets of Maybank for the financial year ending 31 December 2015.

None of the directors or substantial shareholders of Maybank or persons connected to them has any interest, direct or indirect in the liquidation.

This announcement is dated 18 May 2015.