KUALA LUMPUR: Malaysia Building Society Bhd
(MBSB) has entered into a conditional share purchase agreement with Permodalan Nasional Bhd (PNB) to acquire the entire share capital of Malaysian Industrial Development Finance Bhd (MIDF), comprising 480.35 million shares currently held by PNB worth RM1.01 billion.
MBSB told the stock exchange that upon completion of the proposed acquisition, MIDF will become a wholly-owned subsidiary of MBSB.
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