Malayan Banking Berhad ("Maybank" or "the Company") Proposed Family Takaful Business Joint Venture in Pakistan

Type	Announcement
Subject	Malayan Banking Berhad (“Maybank” or “the Company”) Proposed Family Takaful Business Joint Venture in Pakistan
Contents	We refer to our earlier announcement dated 25 June 2008 in respect of the approval from Bank Negara Malaysia for Maybank to establish or acquire a subsidiary to be used as the Special Purpose Vehicle (“SPV”) for the acquisition of the 30% of the issued and paid up capital in the Pak-Kuwait Family Takaful Company Limited. Pursuant to Paragraph 9.19(23) of the Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that the Company had on 8 July 2008 acquired Pelangi Amanmaz Sdn. Bhd (“PASB”) as a subsidiary to be used as the SPV for the said venture. PASB has an authorized share capital of RM100,000 comprising 100,000 ordinary shares of RM1.00 each and issued and paid-up capital of RM2.00 comprising 2 ordinary shares of RM1.00 each. This announcement is dated 10 July 2008.

 

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Announcement Info

Company Name	MALAYAN BANKING BERHAD
Stock Name	MAYBANK
Date Announced	10 Jul 2008
Category	General Announcement
Reference No	MB-080710-64190