热门标签

telegram搜索技巧(www.tel8.vip):A new round of M&As for banking?

时间:2个月前   阅读:7   评论:1

皇冠现金网appwww.hg108.vip)是一个开放皇冠现金网代理APP下载、皇冠现金网会员APP下载、皇冠现金网线路APP下载、皇冠现金网登录APP下载的皇冠现金网平台。皇冠现金网APP上最新登录线路、新2皇冠现金网更新最快。皇冠现金网APP开放皇冠现金网会员注册、皇冠信用网代理开户等业务。

While recent banking M&As dating back to a few years ago failed to take off, this time around new elements are at play which could drive the expected consolidation. For one, Malaysia now has five new banking players in the form of parties holding digital banking licences

PETALING JAYA: Reports that banking magnate Tan Sri Quek Leng Chan is mulling a stake sale in Hong Leong Bank Bhd (HLB) has spurred speculation of a new round of banking mergers and acquisitions (M&As) in the Malaysian market.

While recent banking M&As dating back to a few years ago failed to take off, this time around new elements are at play which could drive the expected consolidation.

For one, Malaysia now has five new banking players in the form of parties holding digital banking licences. And among those parties is a consortium led by Grab Holdings Ltd – a global brand with seemingly deep pockets that may be needed if indeed the tech giant is keen to buy a slice of Malaysian banks.

However, Malaysian banks are not cheap. HLB’s shares, for example, trade at a 1.5 time multiple of its book value – the second most expensive bank after Public Bank Bhd at 1.9 times.

Banking magnate Tan Sri Quek Leng Chan is mulling a stake sale in Hong Leong Bank Bhd (HLB). This report has spurred speculation of a new round of banking mergers and acquisitions (M&As) in Malaysia.

,

telegram搜索技巧www.tel8.vip)是一个Telegram群组分享平台,telegram搜索技巧包括telegram搜索技巧、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,telegram搜索技巧为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

Quek owns 62% of HLB via Hong Leong Financial Bhd. At yesterday’s close, HLB’s market capitalisation stood at RM45.2bil.

Grab, which is listed in the United States with a market capitalisation of some US$14.3bil (RM63.72bil), had already earlier been speculated to be keen on a slice of AMMB Holdings Bhd (AmBank), another bank which has long been said to be for sale.

Both HLB and AmBank, along with Public Bank, are the remaining banks in the Malaysian market that have yet to fully institutionalise their shareholding base.

Under the Financial Service Act 2013 (FSA), individual shareholders are not allowed to hold more than 10% stake in any local financial institutions.

However, under the “grandfather rule”, Bank Negara has exempted the likes of Quek, Public Bank’s Tan Sri Teh Hong Piow and Tan Sri Azman Hashim of AmBank to pare down their respective stakes to 10% or below.

What could be driving banking M&As among these banks is the uncertainty if the “grandfather rule” will be allowed to be passed down to the second generation of those bankers, considering their age. Both Quek and Azman are in the 80-age group, while Teh is 92.

上一篇:澳洲幸运5是哪个国家的(www.a55555.net):杨孝华次子卖车买钻戒求婚成功 张燊悦洗尽铅华嫁入名门

下一篇:Gmaing:Zaid says his firm will not \u2018abandon\u2019 Najib

网友评论