CAHB: Talks on sale of bank stake soon


COMMERCE Asset-Holding Bhd (CAHB) has been granted approval by Bank Negara to start talks with Bukhary Capital Sdn Bhd to sell its 30% stake in Bank Muamalat. 

In a statement to the KLSE, CAHB said the approval to dispose of its Islamic bank unit would be valid until Sept 17.  

“We expect discussions and negotiations to commence soon and will make further announcements on their progress at the appropriate time,'' CAHB added. 

Khazanah Nasional Bhd holds the remainder of equity interest in Bank Muamalat. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Hartalega quarterly net profit tops RM1bil for the first time as Covid-19 rages on�
IGB REIT says retail centres to bear the brunt of MCO 2.0
KLCI tumbles 20 points; over 1,100 stocks in red
Furniture maker Sern Kou sees 12.3% stake traded off-market
Bioalpha signs MoU with Zuellig Pharma for vaccine distribution
Gold eases on doubts over US stimulus passage
Summary of business stories from Jan 18 to 24
PTP posted record throughput of 9.8m TEUs last year
Bintai Kinden teams up with ASX-listed International Equities
Indonesia sees risks to growth on virus, natural disasters

Stories You'll Enjoy


-->