| Type | Announcement |
| Subject | Proposed acquisition by Malayan Banking Berhad ("Maybank") of up to 100% of the issued and paid-up share capital of Sorak Financial Holdings Pte. Ltd. (“Sorak”) for a total cash consideration of approximately Indonesian Rupiah (“Rp”)13.9 trillion or the equivalent of approximately RM4.8 billion (“Proposed Acquisition”) |
| Contents | On behalf of the Board of Directors of Maybank, Aseambankers Malaysia Berhad is pleased to announce that Maybank had on 26 March 2008 entered into a Share Sale Agreement (“SSA”) with Fullerton Financial Holdings Pte. Ltd., a wholly owned subsidiary of Temasek Holdings (Private) Limited, for the acquisition of up to 5,688,863 ordinary shares in Sorak representing up to 100% of the issued and paid-up share capital of Sorak for a total cash consideration of approximately Rp13.9 trillion or the equivalent of approximately RM4.8 billion. As at the date herein, Sorak owns approximately 55.7% of the issued and paid-up share capital of PT Bank Internasional Indonesia Tbk ("BII"), a bank incorporated in Indonesia and listed on the Jakarta Stock Exchange. Upon completion of the SSA, Maybank or its nominated wholly owned subsidiary, shall be the controlling shareholder of BII. Please refer to the attachment below for the full details of the announcement. |
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 26 Mar 2008 |
| Category | General Announcement |
| Reference No | CU-080326-1218 |