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BANK Negara#039;s approval for AMMB Holdings and EON Capital Bhd to begin negotiations on a possible merger of their banking and finance operations not only promises to create the nation#039;s third largest banking group, but is also likely to kick start another round of mergers in the industry.
SYMPHONY House Bhd has signed the sales and purchase agreement with vendors of Malaysian Issuing House Sdn Bhd (MIH) on the proposed acquisition of its entire issued and paid-up share capital. It comprises MIH#039;s 2.5 million ordinary shares of RM1 each.
ARAB-MALAYSIAN Corp Bhd (Am-corp) plans to divest non-core assets to strengthen its financial position and give more focus to its business as it attempts to narrow the gap between its share price and revalued net asset backing of RM1.30 a share, managing director Soo Kim Wai said.
Most Malaysian CEOs have expressed optimism that the US-led Iraq war would be short and therefore would have minimal impact on the Malaysian economy.