Management buyout of Hwang family's stake?

By GURMEET KAUR

Business
Thursday, 25 Jul 2013
12:00 AM MYT

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PETALING JAYA: With the bids by AMMB Holdings Bhd and Affin Holdings Bhd for Hwang-DBS (M) Bhd’s investment banking and investment management businesses having reportedly hit a snag, a new proposal might be in the works – a management buyout (MBO).

Industry sources said that a possible MBO proposal, aimed at buying out the Hwang family’s stake in the business, could be done in partnership with Japan’s Nikko Asset Management (Nikko AM).

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Tags / Keywords: Business , Hwang DBS , AMMB Holdings , Affin Holdings

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Analysis20m ago

Market Summary

Quotes are delayed by at least 15 mins

Updated: 14 Mar 2025|6:50 PM

FBM KLCI

1512.15

2.12

0.14%

Vol ('00)

32,416,136

FBMKLCI

Day's Range

Low

1493.29

High

1516.25

52 Weeks Range

Low

1478.84

High

1685

Gainers680

Losers292

Unchanged437

Untraded1009

Go to Market Watch

Market Movers

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWD2	0.090	0.095	0.075	0.080	-0.020	-20.00	2,824,855
HSI-PWD4	0.125	0.135	0.110	0.115	-0.025	-17.86	2,140,631
HSI-CWCD	0.110	0.135	0.085	0.125	0.045	56.25	1,947,258
HSI-CWCF	0.075	0.100	0.060	0.095	0.030	46.15	1,286,682
HSI-PWDN	0.050	0.050	0.035	0.045	-0.015	-25.00	533,346
NATGATE	1.280	1.370	1.250	1.360	0.050	3.82	487,802
KNM	0.040	0.045	0.035	0.045	0.005	12.50	443,410
NEXG	0.255	0.260	0.250	0.255	0.000	0.00	428,340
HSI-CWCA	0.140	0.200	0.115	0.170	0.050	41.67	419,373
SAPNRG	0.050	0.050	0.045	0.050	0.005	11.11	413,989
SG	0.010	0.015	0.010	0.010	-0.005	-33.33	398,677
VELESTO	0.155	0.165	0.155	0.160	0.005	3.23	388,032
OPPSTAR	0.530	0.650	0.525	0.610	0.065	11.93	386,504
HSI-CWCM	0.240	0.285	0.215	0.275	0.060	27.91	383,167
SRIDGE	0.205	0.240	0.175	0.225	0.020	9.76	362,418

Management buyout of Hwang family's stake?