KUALA LUMPUR- Press conference by Maybank on group's financial results, 51st Floor, Menara Maybank, 100, Jalan Tun Perak, Kuala Lumpur at 1200 (0400 GMT) KUALA LUMPUR- Press conference on CIMB Group Holdings Bhd's financial results, 31st Floor, Tun Abdul Razak Hussein Room, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, Kuala Lumpur at 1630 (0830 GMT)
KUALA LUMPUR: Malayan Banking Bhd
's (Maybank) subsidiary has sold 99.99% stake in Maybank Asset Management Thailand Co. Ltd (MAMT) to Capital Link Holding Ltd of Thailand.
Maybank said on Wednesday that Maybank Asset Management Group Bhd had disposed of the stake, comprising of 26.99 million shares in MAMT the previous day.
Based on MAMT’s audited account as at June 30, 2016, the total net book value was 103.1mil Thai baht or about RM11.9mil.
The sale was completed as part of the group's continuous effort and strategy to improve its regional business operations and optimise the company’s current resources in the most efficient manner.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
