KUALA LUMPUR (Aug 21): Malaysia Building Society Bhd (MBSB) rose 3.94% in active trade this morning after it obtained a written approval from the Finance Minister to go ahead with its proposed acquisition of a 100% stake in Asian Finance Bank Bhd (AFB).
At 9.25am, MBSB rose 5 sen to RM1.32 with 11.58 million shares done.
MBSB said it will make an announcement when it inks the definitive agreement.
The proposed merger will create Malaysia’s second largest stand-alone Islamic bank, after Bank Islam Malaysia Bhd. — theedgemarkets.com
For more stories, download TheEdgeProperty.com pullout here for free.
TOP PICKS BY EDGEPROP
Kawasan Perindustrian Olak Lempit
Banting, Selangor
Pusat Komersial Lobak
Seremban, Negeri Sembilan
ZETA PARK @ CITRA HILL
Seremban, Negeri Sembilan
Taman Connaught (Sri Cendekia)
Cheras, Kuala Lumpur
Parkfield Residences, Tropicana Heights
Kajang, Selangor