| Type | Announcement |
| Subject | Malayan Banking Berhad (“Maybank” or “the Company”) Proposed acquisition by Maybank of up to 20% of the issued and paid-up share capital of MCB Bank Limited (“MCB”) for a purchase consideration to be wholly satisfied in cash (“Proposed Acquisition”) |
| Contents | (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 5 May 2008). We refer to the announcements dated 5 May 2008 and 25 June 2008 in relation to the Proposed Acquisition. On behalf of the Company, Aseambankers Malaysia Berhad is pleased to announce that Maybank, via its wholly owned subsidiary, Mayban International Trust (Labuan) Berhad had on 8 August 2008, successfully completed the acquisition of an additional 5% of the issued and paid-up share capital of MCB for a total cash consideration of approximately PKR15.468 billion (or an equivalent of RM703.080 million), pursuant to the Agreement for the Right to Sell and Purchase Shares entered into between Maybank and the Individual Sellers (at the exchange rate of RM1.00 : PKR22.00, as at 7 August 2008). With this latest acquisition, Maybank now holds 20% stake in the issued and paid-up share capital of MCB and the Proposed Acquisition is now completed. This announcement is dated 8 August 2008. |
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 8 Aug 2008 |
| Category | General Announcement |
| Reference No | CU-080808-58176 |