Bank Negara Malaysia(BNM) had revoked its appoval for the proposed acquisition which was earlier given to Maybank. Maybank is the largest bank in Malaysia said to buy 100% of shares from PT Bank International Indonesia(BII) with price of RM4.8 billion.
The cancelation is due to changing in new takeover rule in Indonesia. Under the new rule, new shareholder is responsilbe to sell at least 20% or at least 300 public shareholders in  two years after the tender have been executed.
The takeover of BII would make Maybank the largest foreign financial services …

KUALA LUMPUR: Dagangan saham Maybank digantung berikutan pengumuman bahawa ia telah memenangi bidaan untuk membeli kepentingan 56 peratus dalam Bank Internasional Indonesia dari Temasek Holdings dari Singpaura pada harga RM4.8 bilion.
Maybank, kumpulan perkhidmatan kewangan terbesar di Malaysia, akan menawarkan tender bagi mendapatkan baki kepentingan 44 peratus, yang dianggarkan pada kos RM3.8 bilion. Kali terakhir sahamnya didagangkan pada harga RM8.95. Dagangan akan bermula pada jam 9.00 pagi esok. - Bernama

Tags: Bank, bernama, DAP, Kuala Lumpur, LAN, Malay, malaysia, Maybank, WAN

Maybank is pleased to announce that it has today entered into a conditional sale and purchase agreement (“SPA”) to acquire up to 100% of Sorak Financial Holdings Pte Ltd (“Sorak”) for a cash consideration of approximately USD1.5 billion (RM4.8 billion) paving the way for Malaysia’s largest financial services group to be the controlling shareholder of Bank Internasional Indonesia (“BII”). The transaction price was agreed on a willing-buyer and willing-seller basis.
Sorak is 75%-owned by Financial Fullerton Financial Holdings Pte. Ltd., a wholly owned subsidiary of Temasek Holdings (Private) Limited, and 25%-owned …

Maybank today officially opened its AEON Bukit Tinggi branch, the first branch at AEON Bukit Tinggi Shopping Centre and simultaneously launched the country’s first instant redemption facility Treatspoints for Jusco shopping vouchers at the branch. The Treatspoints redemption will be available from March 15, 2008.
AEON Bukit Tinggi, Malaysia’s largest AEON Shopping Centre, also houses the largest Jusco store in South East Asia.
Maybank AEON Bukit Tinggi branch is Maybank’s fifth branch located in a shopping complex offering a complete range of services and facilities to cater to customers of the …

Appointment of Dato’ Sri Abdul Wahid Omar As Successor
Maybank Group wishes to announce the retirement of its President and Chief Executive Officer, Datuk Amirsham A. Aziz, aged 57, effective …