| 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, 3 October 2012 and 31 December 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 had, on 31 March 2013 mutually agreed to extend the period for the fulfillment of the conditions precedent of the SPA in relation to the Proposals from 31 March 2013 to 30 June 2013.
Save for the above, all the other terms and conditions of the SPA remain unchanged.
This announcement is dated 1 April 2013. |
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| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 1 Apr 2013 |
| Category | General Announcement |
| Reference No | MB-130401-38811 |