MBSB-AFB merger on track, valuation being negotiated


MBSB president and chief executive officer Datuk Ahmad Zaini Othman (pic) said the non-bank lender was in the midst of formulating reports and negotiating the valuations for the merger.

KUALA LUMPUR: The merger and acquisition talks between Malaysia Building Society Bhd (MBSB) and Asian Finance Bank Bhd (AFB) are on track with the only concern being valuation.

MBSB president and chief executive officer Datuk Ahmad Zaini Othman (pic) said the non-bank lender was in the midst of formulating reports and negotiating the valuations for the merger.

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Business , finance housing , MBSB , AFB , merger ,

   

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