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Sources: Temasek of Singapore buying into Alliance Bank
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.
Three bidding for stake in Indon bank
PT Bank Panin, ICB Financial Group Holdings Ltd and AJB Bumiputera 1912 have put in separate bids for a 58.41% stake in PT Bank Bumiputera, according to a published announcement from the target bank.
Daim’s ICB Financial Group is highest bidder for Indon bank
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.
Former Palm Oil Board chairman Basir Ismail dies
Former Malaysian Palm Oil Board chairman Tan Sri Basir Ismail died of a heart attack in Kuala Lumpur on Friday.
UBG meets on Primus
The Utama Banking Group Bhd (UBG) board is expected to meet today to deliberate on a letter reminding Bank Negara of its request to begin talks with Primus Pacific Partners on the sale of its stake in Rashid Hussain Bhd (RHB).
The two men behind the banking group
The story of the RHB group would not be complete without highlighting the two men behind it.
What triggers a downfall in the market?
AS a result of China's higher-than-expected economic growth of 11.1% and fear of possible further interest rate hikes in China, regional markets, including Malaysia, fell sharply last Thursday.
More firms to list on LSE alternative market
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.
Frontrunner for 51% of EON Cap
Primus Pacific Partners Ltd (PPP) has emerged as the frontrunner to buy a controlling 51% stake in EON Capital Bhd (EON Cap) after it outbid Newbridge Capital Ltd and Malaysian Plantations Bhd (MPlant).
Wan Azmi lists firms in London
Although Land General Bhd (LG) founder Tan Sri Wan Azmi Wan Hamzah has kept a local profile in recent years, he remains the shrewd investor with a string of successful listings overseas.
