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Bank Negara approves HwangDBS Investment takeover talks

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Bank Negara approves HwangDBS Investment takeover talks

Post by Cals Tue 16 Apr 2013, 00:54

Bank Negara approves HwangDBS Investment takeover talks
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 15 April 2013 18:00

A + / A - / Reset
KUALA LUMPUR (April 15): Bank Negara Malaysia (BNM) has given its approval to HWANG-DBS (M) BHD [] to start preliminary talks with AMMB HOLDINGS BHD [] and AFFIN HOLDINGS BHD [] for the proposed sale of the entire stake in HwangDBS Investment Bank Bhd.

In a statement to the exchange today, Hwang-DBS said BNM's approval is valid for six months.

"Further details on the possible disposal will be announced in due course," Hwang-DBS said.

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
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