MBSB seeks extension for merger negotiations with Bank Muamalat


The Malaysia Building Society Bhd Tebrau sales and service centre at Taman Mount Austin, Johor Baru.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has submitted an application to Bank Negara for an extension from Dec 30, 2015 until Feb 2, 2016 to conclude negotiations with Khazanah Nasional Bhd and DRB-Hicom Bhd on its proposed merger with Bank Muamalat Malaysia Bhd. 

In a filing with Bursa Malaysia on Wednesday, MBSB said both DRB-Hicom and Khazanah had also made similar applications to the central bank on the same day.

“Further announcements will be made as and when there are material developments pertaining to the proposed merger,” it added. - Bernama


Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

US locks in steep China tariff hikes, many to start Sept. 27
Wall St set for higher open as traders raise bets on bigger Fed rate cut
Hong Leong Bank adds Weixin Pay to DuitNow QR for easier payments
EPF, Tabung Haji exit Globetronics
Tex Cycle secures EIA approval for RM100mil Sabah waste facility
Pansar secures RM777mil contract for Sarawak-Sabah link road
Ringgit breaches 4.30 level against US dollar, hits 20-month high
Yuwang Plantation ups stake in Nextgreen Global to 7.5%
WTO guards third countries like Malaysia from US-China trade war
HeiTech Padu bags RM133.73mil contract from JPJ

Others Also Read