Posted by maxlee0508 > 2017-11-06 11:57 | Report Abuse

Hiiiiiiiiiii good morning everybody.... good news lai liao ma....

Posted by netx > 2017-11-06 12:18 | Report Abuse

deMusangking gap up tomolo?
06/11/2017 09:35
limit up

Posted by bluebiznet > 2017-11-06 12:28 | Report Abuse

yup high gearing in short term so will be less dividend, but good to become a real bank, this should be the catalyst to move the share price

Posted by bluebiznet > 2017-11-06 12:28 | Report Abuse

will limit up meh?

Posted by bluebiznet > 2017-11-06 12:29 | Report Abuse

i dont think so. up few cents maybe

Posted by bluebiznet > 2017-11-06 12:29 | Report Abuse

my avg price is 1.18

Posted by bluebiznet > 2017-11-06 12:29 | Report Abuse

quite high

Posted by Jeffreyteck > 2017-11-06 12:41 | Report Abuse

Should be a done deal as they have been chasing customers to convert all to IBs products.

Posted by windcai123 > 2017-11-06 12:44 | Report Abuse

Actually last time had good news also just heavy trade but price also didn't go up much...
Btw is good for long term...

Posted by 10bagger10 > 2017-11-06 13:06 | Report Abuse

No news yet?

Posted by psyduck1085 > 2017-11-06 14:29 | Report Abuse

lol........ i'm not worry at all..... my cost is 1.3 quite high....holding for almost 8 years......

Posted by Sanofi > 2017-11-06 15:23 | Report Abuse

i also hold for 6 years ++ with price of 1.28, hopefully can shot up tomorrow as i want offload it!

Posted by darkangell > 2017-11-06 15:33 | Report Abuse

This time is for sure. If not last month employ in Tunku Alina last month for what.....

Posted by windcai123 > 2017-11-06 15:57 | Report Abuse

One more hour to go~
Mcm quite exited~
lol

Posted by psyduck1085 > 2017-11-06 15:58 | Report Abuse

it make no difference for me....since is long term investment.... i'm waiting for rm4.00...lol....

Posted by netx > 2017-11-06 16:10 | Report Abuse

good news coming soon

Posted by 10bagger10 > 2017-11-06 16:36 | Report Abuse

No news yet?

Posted by Tan Issac > 2017-11-06 16:42 | Report Abuse

no news mean good news

Posted by netx > 2017-11-06 16:44 | Report Abuse

tonight happy hour

Posted by maxlee0508 > 2017-11-06 16:48 | Report Abuse

No news yet woooooooooo

Posted by chsquare > 2017-11-06 17:21 | Report Abuse

yupp loooking forward to the update

Posted by Tan Issac > 2017-11-06 17:24 | Report Abuse

the good news is Penang Flooded getting better,no rain again today

Posted by netx > 2017-11-06 17:24 | Report Abuse

5:30-6pm

Happy hour
Limit up

Posted by RedEagle > 2017-11-06 17:26 | Report Abuse

Coming.....

Posted by james86 > 2017-11-06 17:27 | Report Abuse

coming?

Posted by Tan Issac > 2017-11-06 17:30 | Report Abuse

coming,coming... i'am comong........

Posted by wilsonchan87 > 2017-11-06 17:52 | Report Abuse

any news to share?

Posted by nklye > 2017-11-06 17:55 | Report Abuse

Merger between MBSB and AFB.

Posted by fishy > 2017-11-06 18:01 | Report Abuse

if no news today tomoro suspend also?

Posted by netx > 2017-11-06 18:02 | Report Abuse

So how you all plan tmrrw?

Posted by Raul > 2017-11-06 18:03 | Report Abuse

If no news and no suspend then opportunity to buy.dont miss the boat again. Cheers

Posted by fishy > 2017-11-06 18:04 | Report Abuse

a must to top up below 1.1

Posted by maxlee0508 > 2017-11-06 18:09 | Report Abuse

@fishy still cam top io below 1.1 mie

Posted by RedEagle > 2017-11-06 18:38 | Report Abuse

All smile already

Posted by RedEagle > 2017-11-06 18:39 | Report Abuse

LOL

Posted by red_85 > 2017-11-06 18:50 | Report Abuse

News released

Posted by RedEagle > 2017-11-06 18:52 | Report Abuse

KUALA LUMPUR: Non-bank lender Malaysia Building Society Bhd (MBSB) is expected to ink a sales and purchase agreement on its proposed merger with Asian Finance Bank Bhd (AFB) today, according to sources.

“The two parties are also understood to be meeting analysts today as well,” said one source.

Posted by chua > 2017-11-06 18:52 | Report Abuse

News released where??

Posted by Money > 2017-11-06 18:53 | Report Abuse

Where is 1.05man???? No sound

Posted by RedEagle > 2017-11-06 18:55 | Report Abuse

On Aug 18, MBSB received notification from Bank Negara Malaysia that the finance minister had granted approval for its proposed acquisition of a 100% interest in AFB pursuant to the Islamic Financial Services Act 2013.

A merger of the two entities would create the country’s second-largest stand-alone Islamic bank with total assets of RM47.81 billion, after Bank Islam Malaysia Bhd.

The proposed acquisition of AFB is MBSB’s third attempt to acquire an Islamic banking unit, which is in line with its goal to become a full-fledged Islamic bank as opposed to its current status as a non-bank lender.

Its two previous failed attempts to acquire Bank Mualamat Malaysia Bhd and the Islamic banking units of CIMB Group Holdings Bhd and RHB Capital Bhd were reportedly due to disagreement over pricing valuation.

Once merged, the entity will be one of only three listed syariah-compliant companies in the financial services sector, with the other two being BIMB Holdings Bhd and Syarikat Takaful Malaysia Bhd.

The Edge Malaysia weekly in its June 12 issue cited sources as saying that the proposed merger involves MBSB buying AFB’s assets and liabilities in a deal that values the latter at a price-to-book value of between 1.2 times and 1.5 times. The total consideration is about RM650 million, with more than half of that comprising a cash portion.

The weekly’s Sept 4 issue reported MBSB president and chief executive officer Datuk Seri Ahmad Zaini Othman as saying that the non-bank lender has taken steps to convert its conventional loans to Islamic.

He shared that as at June 30, only about 15% of MBSB’s RM36.06 billion gross financing/loan book was conventional. They comprised mortgages and corporate loans. The group’s personal financing business, which makes up about 63% of its financing book, is 100% Islamic.

The Employees Provident Fund is the largest shareholder of MBSB with a 65.6% stake. Last Friday, MBSB shares rose one sen or 0.91% to RM1.11, with a market capitalisation of RM6.5 billion.

Posted by chua > 2017-11-06 19:17 | Report Abuse

No announcement yet la. Looks like no good la

Posted by chua > 2017-11-06 19:22 | Report Abuse

Announcement out already

Posted by hillloh > 2017-11-06 19:22 | Report Abuse

Reference is made to the Company’s announcements dated 21 December 2016, 19 June 2017 and 18 August 2017 in relation to the Proposed Merger. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.



On behalf of the Board, RHB Investment Bank Berhad and AmInvestment Bank Berhad wish to announce that MBSB had on 6 November 2017 entered into a conditional share purchase agreement with the shareholders of AFB, namely Qatar Islamic Bank, Financial Assets Bahrain W.L.L, RUSD Investment Bank Inc and Tadhamon International Islamic Bank (collectively, the “Vendors”), for the proposed acquisition by MBSB of the entire equity interest in AFB from the Vendors for an aggregate purchase consideration of RM644,952,807.66 (“Purchase Consideration”). The Purchase Consideration will be satisfied through a combination of cash amounting to RM396,894,036.26 and the issuance of 225,507,974 new ordinary shares in MBSB (“Consideration Share(s)”) at an issue price of RM1.10 per Consideration Share.



Further details on the Proposed Merger are set out in the attachments below.



This Announcement is dated 6 November 2017.

Posted by james86 > 2017-11-06 19:33 | Report Abuse

yahoo!!!!

Posted by WM Niaga > 2017-11-06 19:37 | Report Abuse

Tomolo mbsb can up men??

Posted by bluebiznet > 2017-11-06 19:37 | Report Abuse

can somebody go and read all three files and highlight and special items please...

Posted by hleong7892 > 2017-11-06 19:37 | Report Abuse

good or not

Posted by bluebiznet > 2017-11-06 19:39 | Report Abuse

tomorrow up or no is not important for me lah. i hope it can maintain so i can buy more. patiently hold until it bexome a real bank to maximize return

Posted by 10bagger10 > 2017-11-06 19:46 | Report Abuse

Real bank?

Posted by makesomemoneyonly > 2017-11-06 19:47 | Report Abuse

no wonder the price so low.