Sarawak’s banking ambitions on hold as sources say deal today for Affin Bank takeover postponed

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KUALA LUMPUR, July 19 — A planned signing today of the sale-and-purchase (S&P) agreement between Sarawak and the Armed F...

Yesterday, Affin Bank Bhd’s shares fell at mid-afternoon.At 4.25pm, the counter eased two sen to RM2.96 with 2.75 million shares traded.

The Edge Malaysia reported today that the agreement was to formalise Sarawak’s intention to increase its stake in the bank from 4.8 per cent to approximately 30 per cent.

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Category: EconomyBusiness

Markets: MalaysiaMali

Topics: Abang Johari Tun Openg Affin Bank Sarawak LTAT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 10:55:56 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 176 words

Reading Time: 1 minutes read

Sentences: 10 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 21680441

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