On behalf of the Board, RHB Investment Bank Berhad (“RHB Investment Bank”) and AmInvestment Bank Berhad (“AmInvestment Bank”) wish to announce that MBSB had on 6 November 2017 entered into a conditional share purchase agreement (“SPA”) with 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 (“Cash Consideration”) 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 (“Issue Price”) (“Proposed Acquisition”).
For information purposes, the Issue Price for the Consideration Shares represents a discount of approximately 1.12% to the five (5)-day VWAP of MBSB Shares of RM1.1125 up to and including 3 November 2017, being the last trading day prior to the date of the SPA.
The offering price isn't mean they value MBSB at RM 1.10 In facts, the Issue Price for the Consideration Shares represents a discount of approximately 1.12% to the five (5)-day VWAP of MBSB Shares of RM1.1125 up to and including 3 November 2017, being the last trading day prior to the date of the SPA.
If get bank license, it will become 2nd biggest islamic in malaysia after BIMB. Hence, it can do more banking activities and room to grow is very bright. Apart from that, existing they consist a lot different type of loans provide to employees in government sector, consistence revenue contribution is ensured!!!
EPF already aim for this big meat such a long time, BANK!!!
For sure, in 2018, RM2 is possible after impairment is done!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
james86
127 posts
Posted by james86 > 2017-11-06 19:49 | Report Abuse
@10bagger ya now onwards its a real bank