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Singapore state investment agency Temasek Holdings is set to buy 30% of Alliance Bank Malaysia Bhd for about US$200mil, in its first entry into Malaysia's banking system, banking sources said yesterday.
FORMER Finance Minister Tun Daim Zainuddin and his company, ICB Financial Group Holdings Ltd (ICB), have been selected as the highest bidder in the sale of a 58.41% stake in PT Bank Bumiputera Indonesia Tbk.
There has been a marked surge in interest for companies in the Asia Pacific region to seek a listing on the London Stock Exchange's Alternative Investment Market (AIM), according to audit, accounting and business services firm BDO Stoy Hayward LLP corporate finance division partner Jack Clipsham.