Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

Jan 24, 2018 Back
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY") (I) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN AMANAH MUTUAL BERHAD AND 100% EQUITY INTEREST IN SINGAPORE UNIT TRUSTS LIMITED BY MAYBANK ASSET MANAGEMENT GROUP BERHAD ("MAMG"); AND (II) PROPOSED SUBSCRIPTION BY PERMODALAN NASIONAL BERHAD OF 8,336,404 NEW ORDINARY SHARES IN MAMG, REPRESENTING 20% OF THE ENLARGED ISSUED SHARE CAPITAL OF MAMG

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 13 December 2017)

 

Reference is made to Maybank’s announcements dated 13 December 2017, 12 January 2018 and 18 January 2018 in relation to the following proposals:-

 

(i) proposed acquisition of 100% equity interest in Amanah Mutual Berhad and 100% equity interest in Singapore Unit Trusts Limited by MAMG for a total cash consideration of RM51.0 million; and

 

(ii) proposed subscription by Permodalan Nasional Berhad of 8,336,404 new ordinary shares in MAMG, representing 20% of the enlarged issued share capital of MAMG for a cash consideration of RM50.0 million.

 

The Board of Directors of Maybank wishes to announce that an application in relation to the Proposed Acquisition II and the Proposed Subscription has been submitted to the Monetary Authority of Singapore today.

 

 

This Announcement is dated 24 January 2018.





Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 24 Jan 2018
Category General Announcement for PLC
Reference Number GA1-24012018-00097