Home THE DAILY EDGE Business Maybank to make $1.81b offer for Kim Eng
Maybank to make $1.81b offer for Kim Eng
Written by Reuters   
Thursday, 06 January 2011 10:50
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Maybank (MBBM.KL), Malaysia’s biggest lender, will make a US$1.4 billion ($1.81 billion) offer for Singapore brokergage Kim Eng Holdings (KEHS.SI), Kim Eng said on Thursday.

The offer translates to $3.10 per share for Kim Eng.
 
Maybank agreed to buy 89 million shares or about 15.4% from the family which owns Kim Eng and is buying another 29.19% from Taiwan’s Yuanta Securities Financial Services.
 
The two transactions are worth a combined $798.5 million.
 
    

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Maybank to make $1.81b offer for Kim Eng
Thursday, 06 January 2011

Last Updated on Thursday, 06 January 2011 11:02