THE race to get the investment banking business of Hwang-DBS (M) Bhd is on now that it has obtained permission from Bank Negara to commence preliminary negotiations with Affin Holdings Bhd
and AMMB Holdings Bhd its two suitors.
Granted, both Affin and AMMB are looking to strengthen their fund management and equities business and Hwang-DBS, whose founder Datuk Seri Hwang Sing Lue passed away in December, is strong in these and can help them do just that.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
