Thirty-one publicly listed companies in the country are in the billion-ringgit league in terms of having cash and cash equivalent. And topping the list is Malayan Banking Bhd (Maybank) with RM29.5bil.
Indeed, nine of the 10 most cash-rich companies on Bursa Malaysia are either banks or financial institutional groups, the exception being conglomerate YTL Corp Bhd, which is ranked 9th.
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