Newsroom
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | BL-150113-52679 |
| Subject | OTHERS |
| Description | PROPOSED MERGER OF THE BUSINESSES AND UNDERTAKINGS OF MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”), CIMB GROUP HOLDINGS BERHAD (“CIMB GROUP”) AND RHB CAPITAL BERHAD (“RHB CAPITAL”) AND THE CREATION OF AN ENLARGED ISLAMIC BANKING FRANCHISE (“PROPOSED MERGER”) |
| Query Letter Contents | We refer to the Exchange's conversation with the Company in relation to the above article appearing in The Edge Financial Daily, page 4, on Tuesday, 13 January 2015, a copy of which is enclosed for your reference. In particular, we would like to draw your attention to the underlined sentences which are reproduced as follows:- "The proposed mega merger of CIMB Group Holdings Berhad, RHB Capital Berhad and Malaysia Building Society Berhad (MBSB) is off and an announcement is expected before the end of the week..." "The respective boards are supposed to meet on Wednesday, (tomorrow) when it will be formally expressed that the deal is off." In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other persons reasonably familiar with the matters about which the disclosure is to be made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to clarify any misleading aspects of the same. In the event you confirm the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same. Please furnish Bursa Securities with your reply immediately by today. Yours faithfully KHOO KAY KWAN Senior Vice President, Issuers Listing Division Regulation c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax) |
We refer to the earlier announcements in relation to the Proposed Merger (“Announcement”). Unless otherwise stated, the definitions used here shall have the same meanings as set out in the Announcement. Reference is made to Bursa Malaysia Securities Berhad (“Bursa Securities”)’s query dated 13 January 2015. On behalf of MBSB, AmInvestment Bank Berhad wishes to clarify that the parties to the Proposed Merger are still in discussions. MBSB will be having a regular board meeting tomorrow, 14 January 2015 which has been scheduled last week. Amongst the items for deliberation are matters relating to the Proposed Merger. Should there be any material development on the Proposed Merger, the appropriate announcement will be made on Bursa Securities accordingly. This announcement is dated 13 January 2015. |
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| Company Name | MALAYSIA BUILDING SOCIETY BERHAD |
| Stock Name | MBSB |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | MB-150113-65745 |
