Business News

Monday, 19 June 2017 | MYT 5:31 PM

MBSB seeks BNM nod for merger with Asian Finance Bank

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is seeking Bank Negara Malaysia's (BNM) go ahead for its merger with Asian Finance Bank Bhd (AFB).

MBSB said on Monday it had submitted an application within the stipulated timeframe to seek the BNM and or the Ministry of Finance's approvals for the proposed merger.

“Further announcements shall be made upon receipt of the decision from BNM,” it said.

MBSB closed one sen lower at RM1.32.

Tags / Keywords: Banking , M&A , Corporate News

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