| Type | Announcement |
| Subject | OTHERS |
| Description | MALAYAN BANKING BERHAD (“MAYBANK”) (I) PROPOSED ACQUISITION OF 858,499 ORDINARY SHARES OF SAUDI RIYAL (“SAR”) 10 EACH IN ANFAAL CAPITAL (“ANFAAL”) BY MAYBANK INVESTMENT BANK BERHAD (“MAYBANK IB”), A WHOLLY-OWNED SUBSIDIARY OF MAYBANK, REPRESENTING 17.17% OF THE ORDINARY SHARE CAPITAL OF ANFAAL; AND (II) PROPOSED ASSIGNMENT OF THE SUBORDINATED LOAN OF SAR2,070,000 FROM AL NUMU REAL ESTATE COMPANY (“AL NUMU”) TO MAYBANK IB ((I) AND (II) COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
We refer to the Maybank’s announcements dated 10 April 2012 and 3 October 2012 (collectively, the “Announcements”), in relation to the Proposals. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Announcements. The Board of Directors of Maybank wishes to announce that Maybank IB, Al Numu and Anfaal have mutually agreed to extend the period for the fulfillment of the conditions precedent of the SPA in relation to the Proposals from 31 December 2012 to 31 March 2013. Save for the above, all the other terms and conditions of the SPA remain unchanged. This announcement is dated 31 December 2012. |
|
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 31 Dec 2012 |
| Category | General Announcement |
| Reference No | MB-121231-46068 |