KUALA LUMPUR: Malayan Banking Bhd (Maybank) sank to a near 4½-year low yesterday on worries about a possible reduction in annual dividends following the bank’s recent purchases of stakes in foreign banks.
Shares in the country’s largest bank in terms of assets fell 30 sen to RM7.70 as investors weighed the consequences of not just the acquisition of a stake in Pakistan's MCB Bank Ltd, but also stock in two other foreign banks within a span of 1½ months.
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