A merger of the two lenders would be complementary from a business standpoint, according to an analyst.
“MIDF has investment banking and asset management businesses, which MBSB does not, and its lending is mainly to SMEs [small and medium enterprises]. In contrast, MBSB is focused mainly on retail lending,” the analyst tells The Edge.
Merging with MBSB would enable MIDF, which does not have an Islamic banking licence, to widen its business scope.
18 and 19 Aug 2022 - huge traded volume sell down - EPF?
The Employees Provident Fund's (EPF) stake in Hartalega Holdings Bhd dipped to 5.74% after the EPF sold 23.6 million shares in the rubber glove manufacturer on Friday (Aug 12), according to Hartalega's latest Bursa Malaysia filing on Wednesday (Aug 17). Hartalega said the EPF's latest-reported 5.74% stake comprises 196.74 million shares in the company. (TheEdge)