Company Overview and News
PETALING JAYA: Some large caps on Bursa Malaysia are poised for active buying this week as major funds such as Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) head closer to their book closures, dealers said. (17-0)
(from left) Malaysia Building Society Bhd (MBSB) senior VP Datuk Nor Azam M Taib, president and CEO Datuk Seri Ahmad Zaini Othman, Solar Management (Seremban) Sdn Bhd director Tee Cheng Hua and director Jane Tee at the signing ceremony. (5-0)
KUALA LUMPUR: Solar Management (Seremban) Sdn Bhd has secured a RM248mil financing for its first large-scale solar farm project in Malaysia. “We are the second company to secure financing for the 50MW solar farm project in the country,” said Solar Management director Tee Cheng Hua at a press conference on Tuesday. The company has signed an agreement with Malaysia Building Society Bhd (MBSB) for the project financing of the solar farm. (5-0)
KUALA LUMPUR, Nov 7 — Malaysia Building Society Bhd’s (MBSB) share price rose five sen to RM1.16 this morning after the company proposed to acquire the entire equity interest in Asian Finance Bank Bhd (AFB) for RM644.95 million. (4-0)
MarketWatch: US stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would bolster earnings. The DJIA inched up 0.04% to end at 23,548.42, while the S&P 500 gained 0.13% to 2,591.13. The Nasdaq added 0.33% to 6,786.44. - Reuters (129-0)
“The merged entity is expected to leverage on the strength of MBSB’s business, and the banking licence held by AFB is anticipated to provide a unique opportunity for the merged entity to emerge as a full-fledged Islamic banking franchise in Malaysia,” said MBSB in its filing with Bursa Malaysia yesterday. (5-0)
(Adds Malaysia Building Society Bhd, Bayer, German Energy Group Innogy, Chicago Stock Exchange, Twenty-First Century Fox; updates Sprint, Broadcom, ABB) (127-0)
Tags / Keywords: M&A , Banking , Malaysia Building Society Bhd , Asian Finance Bank Bhd
woman leaves a CIMB bank branch in Putrajaya in a file picture. CIMB Group, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) have agreed on a merger deal that will create the country's biggest banking group. — Reuters picKUALA LUMPUR, Sept 20 — CIMB Group Holdings Bhd today announced that Mitsubishi UFJ Financial Group’s (MUFG) banking entity, Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU), had sold its entire stake in the CIMB Group via an overnight block trade. (2-0)
Tags / Keywords: Corporate News , Banking , Malaysia Building Society Bhd , Asian Finance Bank Bhd
During state assembly sittings, the late Datuk Ishak Ismail’s participation in the debate would be much awaited, as he would always interspersed his speech with jokes which sometimes helped to break the boredom of the lengthy meeting. — Reuters picSEREMBAN, July 19 ― Lenggeng Assemblyman Datuk Ishak Ismail, who died of a heart attack last night, was a leader with the people’s interests at heart and despite his serious look, was a fun person who liked to make jokes.
It said such a deal would likely lead to the larger of the two financial institutions, MBSB, emerging as the surviving entity.
Malaysia Building Society Bhd (MBSB) is a step closer to transforming into a full-fledged Islamic banking outfit
Less than a week after RHB Bank and AMMB Holdings received the regulatory go-head to start merger talks, the country's second largest lender CIMB Group said it sold a 50 percent stake in its stockbroking unit to China Galaxy Securities.
In the aftermath of the 1997-1998 Asian financial crisis, Bank Negara Malaysia took stronger measures by calling a massive consolidation of 58 financial institutions, comprising 21 domestic commercial banks, 25 finance companies and 12 merchant banks, into 10 anchor banking groups. — Picture by Yusof Mat IsaKUALA LUMPUR, May 28 — The merger of Islamic banking units in Malaysia is crucial as the market is becoming overcrowded with the players hungry for growth, outgoing BIMB Holdings Bhd Group Chief Executive Officer Datuk Seri Zukri Samat proposed.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton