BANK Negara allowed competing bids for banks after the bitter takeover of Southern Bank Bhd by CIMB Bank Bhd in 2006.
This came about after Southern Bank’s major shareholder, Tan Sri Tan Teong Hean, felt that he could have got a better price if the central bank had allowed competing bids.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
