BEAMSTART Logo

HomeNews

Potential merger between Affin and AMMB could expand share base significantly, says CIMB Securities

Malay Mail LogoMalay Mail17h ago

Potential merger between Affin and AMMB could expand share base significantly, says CIMB Securities - Malay Mail

Quick Summary:

KUALA LUMPUR, May 21 — CIMB Securities Sdn Bhd expects the potential merger between Affin Bank Bhd and AMMB Holdings Bhd...

The Sarawak government has since denied sending any government representative to discuss the matter with Amcorp Group Bhd, but it is reported that it remains open to negotiating with any entity that wants to collaborate with the state government.

However, CIMB Securities noted that an excessively low acquisition price for Affin’s shareholders may be deemed unpalatable by Affin’s minority shareholders.

More Pictures

Potential merger between Affin and AMMB could expand share base significantly, says CIMB Securities - Malay Mail (Picture 1)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 14:05:17 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 28888647

View Article Analysis

About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 20 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 17 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Potential merger between Affin and AMMB could expand share base significantly, says CIMB Securities" has 371 words across 12 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Potential merger between Affin and AMMB could expand share base significantly, says CIMB Securities" was covered 17 hours ago by Malay Mail, a news publisher based in Malaysia.

How trustworthy is 'Malay Mail' news outlet?

Malay Mail is a fully independent (privately-owned) news outlet established in 1896 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 20 news stories per day.

It's most recent story was published 17 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28888647
  • URL: https://gyrator.beamstart.com/news/potential-merger-between-affin-and-17478221119211

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Connect with Us

Discover More

© Copyright 2025 BEAMSTART. All Rights Reserved.