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BackDec 21, 2016
Type Announcement
Subject OTHERS
Description

COMMENCEMENT OF NEGOTIATIONS WITH THE SHAREHOLDERS OF ASIAN FINANCE BANK BERHAD

We wish to announce that MBSB has on 21 December 2016, received a letter from Bank Negara Malaysia (“BNM”) dated 21 December 2016 which states that BNM has no objection in principle for Malaysia Building Society Berhad (“MBSB”) to commence negotiations with the existing shareholders of Asian Finance Bank Berhad (“AFB”) namely Qatar Islamic Bank, RUSB Investment Bank Inc, Tadhamon International Islamic Bank and Financial Assets Bahrain WLL for a proposed merger of MBSB and AFB (“the Proposed Merger”). BNM requires that the negotiations be completed within six months from the date of BNM’s letter.
Further details of the Proposed Merger will be announced in due course.
This announcement is dated 21 December 2016.




Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 21 Dec 2016
Category General Announcement for PLC
Reference Number GA1-21122016-00041