PETALING JAYA: While it is unclear how far TPG Newbridge Capital Ltd has reached in its negotiations for a stake purchase in AmBank (M) Bhd or even AMMB Holdings Bhd, the one certainty is that the US-based private equity investor is bullish about investing in Malaysia.
Ashish Shastry, Newbridge's managing director and head of South-East Asia, would not explain the interest in AmBank or AMMB but this potential investor has done enough research on Malaysia’s banking sector to attempt buying a stake in a domestic bank.