SINGAPORE: Singapore state investment agency Temasek Holdings is set to buy 30% of Alliance Bank Malaysia Bhd
for about US$200mil, in its first entry into Malaysia’s banking system, banking sources said yesterday.
Temasek, accelerating its offshore investment strategy, could pay RM2 to RM2.20 a share for Malaysian Plantations Bhd (MPlant), the parent of Alliance Bank, the sources said.
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