MBSB sees 46m shares crossed at sharp discount


MARC noted that the M&A scene has been rather quiet this year, with the last consolidation exercise being the one between Malaysia Building Society Bhd and Asian Finance Bank creating MBSB Bank Bhd in February 2018.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) saw 46 million of its shares traded off-market at 72.3 sen a share on Friday.

Stock market data showed the shares of the financial instituion were transacted at 13.2 sen or 15.4% below Thursday's closing price of 85.5 sen.

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!

MBSB , Asian Finance Bank , off market

   

Next In Business News

Capital A making headway with corporate restructuring
KIP REIT to acquire four industrial properties for RM98.3mil
Velesto Energy's 2Q net profit soars to RM62.8mil
Fajarbaru makes strong leap into profitability
Tropicana registers higher 2Q profit
Genting’s 2Q net profit jumps 49%, declares 6 sen dividend
1MDB says bid to strike out its US$394mil claim against BSI Bank dismissed in Singapore
Binastra bags RM155mil sewage plant contract
Ringgit maintains upward trend against US dollar
IHH Healthcare's 2Q net profit doubles to RM623mil

Others Also Read