Sarawak needs to set up SPV to facilitate acquisition of shares in Affin Bank

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Hayatun Razak News

Business Business Latest News,Business Business Headlines

PUTRAJAYA: Sarawak needs to establish a special purpose vehicle (SPV) to facilitate its shareholding acquisition from the Armed Forces Fund Board in A...

Abang Johari receiving a technology leadership award from Science, Technology and Innovation Minister Chang Lih Kang, witnessed by MBOT president Datuk Dr Siti Hamisah Tapsir. at the MBOT Experts Network In Technology, Innovation and Cooperative Event. – BernamapicSarawak needs to establish a special purpose vehicle to facilitate its shareholding acquisition from the Armed Forces Fund Board in Affin Bank, according to Premier Tan Sri Abang Johari Tun Openg.

“There is a process where Sarawak must have a special vehicle for shareholding. It is expected to be completed within a month. It’s a very minor technical process, regulatory in nature. We will hold a press conference during the sale and purchase agreement process in a month,” he said during a press conference after receiving a technology leadership award at the MBOT Experts Network In Technology, Innovation and Cooperative Event today.

“PCDS initiatives, such as expanding digital infrastructure and promoting green technology, ensure all communities benefit from technological advancements,” he added. “The Sarawak government has allocated RM1.89 billion to boost infrastructure and digital skills under the Sarawak Linking Urban, Rural, and Nation Initiative,” he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Abang Jo: Sarawak’s acquisition of Affin Bank shares to be finalised within one monthKUCHING, July 20 — The Sarawak government’s acquisition of shares in Affin Bank is expected to be fully finalised within a month, said Premier Datuk Patinggi Tan Sri Abang...
Source: malaymail - 🏆 1. / 86 Read more »