MBSB to complete MIDF acquisition in September

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Chief strategic officer Datuk Azlan Shahrin said an EGM will be called in July or August to seek shareholders approval.

hopes to see Malaysian Industrial Development Finance as part of the group by September this year following their recent proposed acquisition announcement.

", this is a growth merger. That is the idea and we're hoping that shareholders will support it," he said after MBSB's 53th AGM yesterday. On the bank's performance, group chief executive officer Datuk Nor Azam M. Taib said it is looking at 8% to 10% in financing growth this year.

 

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