|Description||BANK NEGARA MALAYSIA (BNM) APPROVAL TO COMMENCE NEGOTIATIONS BETWEEN MALAYSIA BUILDING SOCIETY BERHAD (MBSB) AND PERMODALAN NASIONAL BERHAD (PNB)|
On behalf of our Board of Directors (“Board”), we are pleased to announce that Bank Negara Malaysia (“BNM”) had vide its letter dated 6 April 2022, stated that it has no objection for MBSB to enter into discussions with PNB to explore the possibility of undertaking an acquisition of the 100% shareholding in Malaysian Industrial Development Finance Berhad (“MIDF”) which is held by PNB (“Proposed Transaction”). BNM’s approval is valid for a period of 6 months from the date of its letter.
Further details on the Proposed Transaction will be announced in due course.
This announcement is dated 6 April 2022.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||06 Apr 2022|
|Category||General Announcement for PLC|