MALAYSIA INTERNATIONAL SHIPPING CORP BHD (MISC) has obtained Bank Negara’s approval to initiate negotiations with the KAF Group to sell its 36.84% stake in Affin Merchant Bank Bhd.
According to a statement from MISC, the 36.84% stake or 69.078 million shares in Affin Merchant Bank is held by its investment holding company, MISC Enterprises Holdings Sdn Bhd. – AFX
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