Type | Announcement |
Subject | OTHERS |
Description | Malayan Banking Berhad ("Maybank") wishes to announce that the Company had on 12 June 2012, acquired (by subscribing) 64,159,910 ordinary shares of RM0.10 each in the issued share capital of Luster Industries Berhad ("Luster"), representing 5.95% of the total issued and paid up capital of Luster ("Subscription"). The Subscription was made pursuant to the exercise of debt to equity conversion in accordance with a Debt Settlement Agreement dated 25 November 2011 involving Luster. This announcement is made pursuant to Paragraph 9.19 (25) of the MMLR and is dated 13 June 2012. |
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Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 13 Jun 2012 |
Category | General Announcement |
Reference No | MB-120612-61865 |