$DBS (D05.SG)$
(Kuala Lumpur, 17th News) The largest bank in Southeast AsiaDBS Bank(DBS) intends to acquireAlliance Banks(ABMB, 2488, Main Board Gold Services) has long been rumored to be acquired by DBS, and now the rumors are resurfacing.DBS BankRecently, formal negotiations have been proposed for the acquisition.
After the news came out,Alliance BanksToday, the share price of Alliance Banks responded positively, opening at 5 Ringgit, and rising 13 cents or 2.6% to 5.09 Ringgit during trading hours.
As of 3:30 PM, the stock is currently trading at 5.07 Ringgit, up 11 sen, with a volume of 1.71 million2300 shares, making it one of the top 10 gainers.
According to a report by Bloomberg, informed sources pointed out,Allianz BanksThe largest Shareholder, Vertical Theme, plans to seek approval from Malaysian regulatory authorities in the coming weeks to start negotiations to sell about 29% of its shareholding inAllianz BankstoDBS Bank。
Temasek Holdings is a common shareholder of Vertical Theme and DBS, holding 49% of Vertical Theme's shares and 31.9% of DBS Group's shares.
According to regulations, Vertical Theme needs to submit an application to the national Banks before negotiations can begin. Insiders said that if the transaction proceeds smoothly,DBS Bankvoluntary partial tender offer may be considered to acquire a stake inAllianz BankThe shareholding ratio increased to 49%.
com.my/20250117...
(Kuala Lumpur, 17th News) The largest bank in Southeast AsiaDBS Bank(DBS) intends to acquireAlliance Banks(ABMB, 2488, Main Board Gold Services) has long been rumored to be acquired by DBS, and now the rumors are resurfacing.DBS BankRecently, formal negotiations have been proposed for the acquisition.
After the news came out,Alliance BanksToday, the share price of Alliance Banks responded positively, opening at 5 Ringgit, and rising 13 cents or 2.6% to 5.09 Ringgit during trading hours.
As of 3:30 PM, the stock is currently trading at 5.07 Ringgit, up 11 sen, with a volume of 1.71 million2300 shares, making it one of the top 10 gainers.
According to a report by Bloomberg, informed sources pointed out,Allianz BanksThe largest Shareholder, Vertical Theme, plans to seek approval from Malaysian regulatory authorities in the coming weeks to start negotiations to sell about 29% of its shareholding inAllianz BankstoDBS Bank。
Temasek Holdings is a common shareholder of Vertical Theme and DBS, holding 49% of Vertical Theme's shares and 31.9% of DBS Group's shares.
According to regulations, Vertical Theme needs to submit an application to the national Banks before negotiations can begin. Insiders said that if the transaction proceeds smoothly,DBS Bankvoluntary partial tender offer may be considered to acquire a stake inAllianz BankThe shareholding ratio increased to 49%.
com.my/20250117...
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