Proposed Acquisition / Mergers of Financial Institutions

Jan 03, 2000 Back
Type Announcement
Subject MALAYAN BANKING BERHAD
- Proposed Acquisition / Mergers of Financial Institutions

Contents :

Malayan Banking Berhad ("Maybank") has made the necessary application to Bank Negara Malaysia ("BNM") to seek approval to enter into a Memorandum Of Understanding ("MOU") with PhileoAllied Berhad ("PhileoAllied") for the indirect acquisition of PhileoAllied Bank (Malaysia) Berhad ("PhileoAllied Bank") via a proposal to acquire PhileoAllied.


PhileoAllied is a company listed on the Main Board of the Kuala Lumpur Stock Exchange and its principal business includes inter-alia commercial banking, stockbroking, options and futures trading and financial advisory services.

The execution of the MOU is pending the approval of BNM.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 3 Jan 2000  
Category General Announcement
Reference No CU-000103-63777