| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | Malayan Banking Berhad (“Maybank”) wishes to announce that its indirect subsidiary Budaya Tegas Sdn Bhd (“Budaya Tegas”) had convened its Extraordinary General Meetings (EGM) on 16 February 2011 at which it was resolved that Budaya Tegas be wound-up voluntarily. Budaya Tegas is wholly owned by Mayban Securities (Jersey) Limited which is wholly-owned by Maysec Sdn Bhd (“Maysec”). Maysec in turn is wholly-owned by Maybank Investment Bank Berhad, a wholly-owned subsidiary of Maybank. Budaya Tegas had also approved the appointment of YBhg Datuk Mohd Anwar Yahya and Mr Lim San Peen of Messrs PricewaterhouseCoopers as Liquidators for the purpose of the above liquidation. Budaya Tegas was incorporated on 22 May 1998 and became a subsidiary of Maybank via acquisition of Phileo Allied Group in 2000 and has since been an inactive investment holding company. The liquidation of Budaya Tegas will not have any material effect on the earnings or assets of Maybank Group for the financial year ending 30 June 2011. None of the Directors or substantial shareholders of Maybank or persons connected to them has any interest, direct or indirect, in the voluntary liquidation. This announcement is dated 16 February 2011. |
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 16 Feb 2011 |
| Category | General Announcement |
| Reference No | MB-110216-47136 |