Memorandum of Understanding (MOU) between Malayan Banking Berhad (Maybank) and PT Panin Life Tbk

Sep 28, 2007 Back
Type Announcement
Subject Memorandum of Understanding (MOU) between Malayan Banking Berhad (Maybank) and PT Panin Life Tbk

Contents :

Maybank wishes to refer to its announcements on 30 March 2007 and 20 August 2007 in respect of the signing of an MOU with Panin Life Tbk for both Maybank Group and PT Panin Life Tbk to commence discussion on a possible joint venture partnership via the acquisition of a 60% stake in PT Anugrah Life Insurance, a subsidiary of PT Panin Life Tbk.


Maybank would like to inform that it is still engaging with the relevant authorities in the Republic of Indonesia for the requisite approval prior to the execution of the definitive legal agreements.

This announcement is dated 28 September 2007.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 28 Sept 2007  
Category General Announcement
Reference No MB-070928-64620