Alliance Financial Group Bhd (AFG) has proposed to dispose of its 70% stake in Alliance Investment Management Bhd (AIMB) for RM12.3mil. In a filing with Bursa, AFG said its wholly owned subsidiary, Alliance Bank Malaysia Bhd had entered into an agreement with Tan Sri Abu Talib Othman for the proposed disposal of its 70% equity interest in AIMB comprising 7.9 million ordinary shares of RM1 each fully paid for RM12.3mil. Abu Talib is the board chairman of AIMB who holds the remaining 30% equity interest in AIMB. A principal activity of AIMB is the management of unit trust funds.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3536 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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