Proposed Acquisition Of Phileo Allied Bank (Malaysia) Berhad, Phileo Allied Securities Sdn Bhd And Their Respective Subsidiary Companies ("Subject Companies") ("Proposed Acquisition")

Feb 12, 2001 Back
Type Announcement
Subject MALAYAN BANKING BERHAD ("Maybank")
Proposed Acquisition Of Phileo Allied Bank (Malaysia) Berhad, Phileo Allied Securities Sdn Bhd And Their Respective Subsidiary Companies ("Subject Companies") ("Proposed Acquisition")

Contents :

We refer to our announcement to the Kuala Lumpur Stock Exchange dated 22 January 2001.

On behalf of Maybank, we wish to announce that the Proposed Acquisition has been completed. The purchase consideration has been paid on 31 January 2001.

Maybank and Phileo Allied Bank (Malaysia) Berhad ("PABMB") have jointly made an application to the High Court of Malaya ("Court") pursuant to Section 50 of the Banking and Financial Institutions Act, 1989 and have obtained the Vesting Order from the Court on Friday, 9 February 2001, which effectively vest the banking business of PABMB with that of Maybank from 1 March 2001.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 12 Feb 2001  
Category General Announcement
Reference No CU-010208-36947