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Monday, February 21, 2011

Maybank eyes upping Kim Eng stake

The Malaysian Insider, 21 Feb 2011Malayan Banking Bhd is proposing to acquire an additional six per cent stake in Singapore-based Kim Eng Holdings Limited from the open market.Assuming the additional increase in stakes, coupled with the previous proposed 44.6 per cent acquisition stake in Kim Eng from Ronal Anthony Ooi Thean Yat and Yuanta Securities Asia Financial Services Ltd, the bank will