Correction loh! If Affinbank is under bnm control, all other banks is under bank negara control mah! It is just nature of the business of banks to be supervise by BNM loh!
Posted by calvintaneng > 3 weeks ago | Report Abuse
Boustead a high debt laden co
Boustead group of companies
Affin bank Bplant Bhic Pharmaniaga
Affin Bank Under bank negara control
Already paid 30 sen dividend to help Boustead but insufficient
Pharmaniaga In deep impairment due to unsold vaccines Payables caused losses and triggered Pn17 And the sell down
Bhic Another lemon
Bplant This is the golden goose Lands of 220,000 acres worth multiple billions if sold to unlock cash and ultimate helper of last resort
Question:- Is it LTAT wants to sell first or Sarawak Government wants to explore in Banking stock..? Not mistaken, Affin is the 1st bank to be invested by S'wak Gov't..
Extract:- "The potential sale is understood to be tied to LTAT’s proposed privatisation of Boustead Holdings Bhd, as the fund is seeking to reduce its shareholding in Affin Bank below 50% post-Boustead privatisation, from the indicative 54.1%, to avoid having to obtain Bank Negara Malaysia’s approval."
If the offer price RM2.00 is not worth, definately Sarawak Gov't won't accept So, let me assume, RM 2 is a rock bottom price or nearly at the rock bottom price, because it is LTAT intents to sell and S'wak Gov't is in the better position to negotiate the price..
Does the sale to the Sarawak gov mean there won't be any more sell pressure by LTAT? I assume Sarawak gov won't be under pressure to sell the stock and is in for the long haul, could also contribute to bank's performance.
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Posted by Nepo > 2023-03-06 13:24 | Report Abuse
https://9shares.my/8%E5%AE%B6%E9%93%B6%E8%A1%8C%E9%9B%86%E5%9B%A2affin%E6%B4%BE%E6%81%AF%E7%AB%9F%E6%8B%BF%E5%86%A0%E5%86%9B-%E5%85%B4%E4%B8%9A%EF%BC%8C%E9%A9%AC%E9%93%B6%E8%A1%8C%EF%BC%8Ccimb%E8%82%A1%E6%81%AF%E9%AB%98/