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Articles tagged with: Maybank

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[31 Jul 2008 | No Comment | 1,257 supporters]

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 …

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[26 Mar 2008 | 4 Comments | 1,041 supporters]

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 …

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[5 Mar 2008 | One Comment | 7,680 supporters]

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 …