Tuesday, April 12, 2011

BANKING - Maybank needs more time to cut BII stake

Malayan Banking Bhd Malaysia’s biggest lender by assets, plans to ask Indonesia’s regulator for an extension to sell down its stakes in PT Bank Internasional Indonesia, Chief Executive Officer Datuk Seri Abdul Wahid Omar said in an interview in Kuala Lumpur today. (full story)


Maybank has until June to sell down its stake in the Indonesian bank from 97 per cent currently to 80 per cent, Abdul Wahid said. - Bloomberg

Source : http://www.btimes.com.my/Current_News/BTIMES/articles/20110412194013/Article/index_html - APril 12, 2011

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