Blog: Why is Sarawak's acquisition of Affin Bank shares taking so long ?

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2 comment(s). Last comment by kohcl130562 1 month ago

Jonathan Keung

4,435 posts

Posted by Jonathan Keung > 1 month ago | Report Abuse

Anything above 33% will trigger a GO for the shares. I suspect Sarawak has acquired more than 33% . Just a wild guess. LTAT sold 5 % , Bstead inked 20% . Open market moped 5% , GLic link companies additional 3%> . Total 33%

kohcl130562

61 posts

Posted by kohcl130562 > 1 month ago | Report Abuse

Where is governance if the highest shareholder is the state? BNM should not allow this ???

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