Home THE DAILY EDGE Business Malaysia Maybank may need 500m ringgit to bid for Kim Eng units
Malaysia Maybank may need 500m ringgit to bid for Kim Eng units

Tags: Kim Eng Holdings | Maybank

Written by Reuters   
Thursday, 06 January 2011 16:53
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Malaysia’s top lender, Maybank (MBBM.KL), will finance its purchase of Singapore broker Kim Eng Holdings (KEHS.SI) through a mix internal and external funds, its chief executive Abdul Wahid Omar said on Thursday.

Wahid told a press conference that in addition to the US$1.4 billion ($1.81 billion) purchase price for Kim Eng, Maybank may have to find an additional 500 million Malaysian ringgit ($210.8 million) if required to launch an offer for the brokerages subsidiaries.
 
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Malaysia Maybank may need 500m ringgit to bid for Kim Eng units
Thursday, 06 January 2011

Last Updated on Thursday, 06 January 2011 16:56