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The BEA play in Affin

By GANESHWARAN KANA
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.

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AffinBank , BEAStake , SarawakGovernment , BankAcquisition , QuekLengChan , Valuation , InvestmentBanking

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