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28-06-2011, 10:59 AM
(This post was last modified: 28-06-2011, 10:59 AM by Thriftville.)
Maybank was founded by Malaysian business tycoon Khoo Teck Puat, who died in 2004. The company was led by President and CEO Amirsham Abdul Aziz for some two decades until March 2008 after which he was appointed Minister in the Prime Minister's Department in-charge of the Economic Planning Unit, a post he held until April 2009. Dato' Sri Abdul Wahid Omar was officially appointed as President & CEO of Maybank Group in May 2008.
As of June 30, 2010, Maybank is the largest Malaysian bank, boasting group assets worth RM337 billion (US$106 billion), placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia.
Maybank subsidiary takes over 90% of Kim Eng
Mayban IB Holdings can exercise its right of compulsory acquisition of all Kim Eng Shares at US$2.51 per share.
Maybank's wholly-owned subsidiary, Mayban IB Holdings Sdn Bhd, owns, controls or has acquired not less than 90 per cent of Singapore-based Kim Eng Holdings Limited Shares, a securities and investment broking group.
Accordingly, Mayban IB Holdings is entitled to, and will, in due course, exercise its right of compulsory acquisition under Section 215 (1) of the Companies Act, to acquire all Kim Eng Shares at S$3.10 (US$2.51) per share, Maybank said in a filing to Bursa Malaysia.
Mayban IB Holdings had received valid acceptance of 45.18 per cent of Kim Eng shares in issue, as at June 17, 2011, which when taken together with the Kim Eng shares already held by Mayban IB, represented approximately 95.39 per cent of the Kim Eng shares in issue, according to a report in Bernama.
Tags: Maybank subsidiary, Mayban IB Holdings acquisition, Kim Eng sale
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(28-06-2011, 10:59 AM)Thriftville Wrote: Maybank was founded by Malaysian business tycoon Khoo Teck Puat, who died in 2004. The company was led by President and CEO Amirsham Abdul Aziz for some two decades until March 2008 after which he was appointed Minister in the Prime Minister's Department in-charge of the Economic Planning Unit, a post he held until April 2009. Dato' Sri Abdul Wahid Omar was officially appointed as President & CEO of Maybank Group in May 2008.
As of June 30, 2010, Maybank is the largest Malaysian bank, boasting group assets worth RM337 billion (US$106 billion), placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia.
Maybank subsidiary takes over 90% of Kim Eng
Mayban IB Holdings can exercise its right of compulsory acquisition of all Kim Eng Shares at US$2.51 per share.
Maybank's wholly-owned subsidiary, Mayban IB Holdings Sdn Bhd, owns, controls or has acquired not less than 90 per cent of Singapore-based Kim Eng Holdings Limited Shares, a securities and investment broking group.
Accordingly, Mayban IB Holdings is entitled to, and will, in due course, exercise its right of compulsory acquisition under Section 215 (1) of the Companies Act, to acquire all Kim Eng Shares at S$3.10 (US$2.51) per share, Maybank said in a filing to Bursa Malaysia.
Mayban IB Holdings had received valid acceptance of 45.18 per cent of Kim Eng shares in issue, as at June 17, 2011, which when taken together with the Kim Eng shares already held by Mayban IB, represented approximately 95.39 per cent of the Kim Eng shares in issue, according to a report in Bernama.
Tags: Maybank subsidiary, Mayban IB Holdings acquisition, Kim Eng sale
As Malaysian, I would highly recommend this banking stock due
- Good profit history track records
- Good dividend payout records
This is kind of stock which if you buy 1 dollar 30 years ago and keep it till today, you will become millionaire.
Another high quality banking stock you must not miss out is PUBLIC BANK.
- The bank with lowest NPL ratio among all Malaysia banks
- The most efficient bank among all Malaysia banks
- Good profit history track records
- Good dividend payout records
This is also kind of stock which if you buy 1 dollar 30 years ago and keep it till today, you will become millionaire too. 
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Maybank, eyeing Thai expansion, appoints deputy as new CEO
KUALA LUMPUR – Malayan Banking (Maybank), Malaysia’s largest bank, on Friday appointed deputy president Abdul Farid Alias as its new president and chief executive to lead an expansion of its Southeast Asian business.
The lender, Southeast Asia’s fourth-largest in terms of banking assets, is believed to be considering a US$1.2 billion (S$1.5 billion) stake in Bangkok-based TMB Bank that Dutch financial services company ING Groep wants to sell.
http://www.todayonline.com/business/mayb...ty-new-ceo
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Maybank is in my watch list...
Maybank’s Q2 net profit rises 9%
KUALA LUMPUR – Malayan Banking (Maybank), Malaysia’s largest bank by assets, reported on Wednesday a 9 per cent rise in quarterly net profit, helped by higher interest income and the sale of financial assets.
Net profit totalled 1.57 billion ringgit (S$609 million) in its April-June second quarter, up from 1.44 billion ringgit a year earlier, Maybank said.
The result compared with analysts’ average estimate of 1.517 billion ringgit, according to Thomson Reuters data.
Maybank, led by new CEO Abdul Farid Alias, is looking to ramp up its Southeast Asian expansion as it aims to boost overseas profits to 40 per cent of the total in 2015 from about 30 per cent now.
http://www.todayonline.com/business/mayb...it-rises-9
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Good news again for Q3 performance... 
Strong loan growth boosts Maybank Q3 net profit by 16%
[KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia's biggest bank by assets, reported on Thursday a 16.3 per cent rise in quarterly net profit, helped by growth in the lender's net loans and advances.
Net profit totalled 1.75 billion ringgit (US$549.71 million) in its July-September quarter, up from 1.5 billion ringgit a year earlier, Maybank said in a statement.
The result compared with three analysts' average estimate of 1.55 billion ringgit, according to Thomson Reuters data.
Maybank, led by new chief Abdul Farid Alias, is looking to ramp up its Southeast Asian expansion as it aims to boost overseas profits to 40 per cent of the total in 2015 from about 30 per cent now.
Shares of Maybank have risen about 3.91 per cent in the year to date, underperforming a 6.5 per cent gain in the main stock index.
CIMB Group Holdings Bhd, Malaysia's second largest lender, reported on Monday a 7 per cent fall net profit to 1.06 billion ringgit in the same quarter from 1.14 billion ringgit a year earlier without giving details on the decline. - Reuters
Source: Business Times Breaking News
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So are they declaring dividends again or not?
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For those vested and interested
(not vested)
Maybank Q1 profit climbs 6%
KUALA LUMPUR – Malayan Banking (Maybank), Malaysia’s largest bank by assets, said net profit for the first quarter rose 6.3 per cent, helped by growth in loans, particularly at its Islamic banking division.
Net profit came in at 1.6 billion ringgit (S$623 million) for January-March, up from 1.5 billion ringgit a year earlier.
Revenue rose 2.9 per cent year-on-year to 8.36 billion ringgit in the quarter, according to a filing with the local stock exchange.
...
http://www.todayonline.com/business/mayb...t-climbs-6
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