The BEA play in Affin

MIDF Research thinks that BEA is unlikely to pare down its stake at “current juncture”.

PETALING JAYA: Will Bank of East Asia Ltd (BEA), in which Tan Sri Quek Leng Chan has a major stake, sell some of its 24% stake in Affin Bank Bhd?

MIDF Research is not ruling out the possibility, pointing out that valuation will be a major determinant for such a decision.