Rising interest in Amcorp Prop?

One of Amcorp Prop’s properties ... the Kayangan Heights

A HIDDEN jewel among property developers, Amcorp Properties Bhd (Amcorp Prop) may hog the limelight following a firm signal from Tan Sri Azman Hashim of his intention to buy over Australia and New Zealand Banking Group Ltd’s (ANZ) stake in AMMB Holdings Bhd.

According to investment bankers, the hypothesis is premised upon Azman needing to raise funds for this stake purchase from ANZ and thus he may choose to pare down some of his stakes in Amcorp Prop.