Array
(
    [_edit_lock] => Array
        (
            [0] => 1696233089:31
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 120168
        )

    [_edit_last] => Array
        (
            [0] => 31
        )

    [_post_language] => Array
        (
            [0] => 
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:81:"Purchase consideration settled by issuance of 1.05 billion new MBSB shares to PNB";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => Malaysian Industrial Development Finance Bhd is now a wholly owned subsidiary of Malaysia Building Society Bhd following Permodalan Nasional Bhd’s acquisition of MIDF for RM1.01 billion.
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 1
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_views_count] => Array
        (
            [0] => 252
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:3:{s:4:"date";s:10:"1752084987";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:18;i:1;}}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 2
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1752084987
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
MBSB completes RM1.01 bil acquisition of MIDF | Scoop
Malaysian Industrial Development Finance Bhd is now a wholly owned subsidiary of Malaysia Building Society Bhd. – midf.com.my pic, October 2, 2023
News

MBSB completes RM1.01 bil acquisition of MIDF

Purchase consideration settled by issuance of 1.05 billion new MBSB shares to PNB

Bernama
Updated
3:50 PM MYT

 

KUALA LUMPUR – Malaysian Industrial Development Finance Bhd (MIDF) is now a wholly owned subsidiary of Malaysia Building Society Bhd (MBSB) following Permodalan Nasional Bhd’s (PNB) acquisition of MIDF for RM1.01 billion.

The purchase consideration was settled by the issuance of 1.05 billion new MBSB shares at RM0.9652 per share (final consideration shares) allotted to PNB today.

The shares will be listed on Bursa Securities’ Main Market tomorrow, MBSB said in a statement today.

PNB emerged as MBSB’s substantial shareholder with a 12.78% equity stake while the Employees Provident Fund’s shareholding was reduced to 57.45% from 65.78%.

“The completion of this merger is strategically compelling as the enlarged group would emerge financially resilient,” MBSB’s group chief executive Rafe Haneef said.

As a major player in Islamic banking, its capacity is also strengthened via a bigger balance sheet, a wider reach and a whole range of new offerings from consumer banking, commercial and small and medium enterprises banking to corporate and investment banking businesses, he said.

The bank is well-positioned to provide customers with better service, innovative products, personalised experiences, and even greater sustainability, he said. – October 2, 2023

Topics

 

◉ Popular

King makes personal donation to Elmina crash victim’s wife

Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah made a personal donation to Adlina Aisyah Ahmad Rusli, the wife of Idris Abdol Talib @ Ramali, one of the victims who perished in a private jet crash on the Guthrie Corridor Expressway, near Bandar Elmina, Shah Alam, Selangor, on Thursday.

Sanusi tak setuju harga beras putih tempatan diapung, ‘saya bimbang…’

Menteri Besar Kedah, Datuk Seri Muhammad Sanusi Md Nor tidak bersetuju sekiranya harga beras putih tempatan (BPT) diapungkan

Gobind calls for new laws to hold platform owners responsible after Esha’s tragic death

Minister emphasises urgency of addressing cyberbullying, stressing need for immediate and firm action in such cases

◉ Related

Copyright © 2023. All rights reserved.