KUALA LUMPUR: Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd
, according to people familiar with the development.
Vertical Theme, a Malaysian holding company, is considering selling its roughly 29% stake in Alliance Bank to Singapore’s biggest lender, DBS Group Holdings Ltd, the people said, asking not to be identified because the deliberations are private.
