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Announcements

Date : 08 September 2000

MALAYAN BANKING BERHAD ("Maybank") Proposed Acquisition Of Phileo Allied Bank Berhad, Phileo Allied Securities Sdn Bhd And Their Respective Subsidiary Companies ("Subject Companies") ("Proposed Acquisition")

MALAYAN BANKING BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDPL-000905-54267
SubjectMALAYAN BANKING BERHAD ("Maybank")
Proposed Acquisition Of Phileo Allied Bank Berhad, Phileo Allied Securities Sdn Bhd And Their Respective Subsidiary Companies ("Subject Companies") ("Proposed Acquisition")

Contents :

On behalf of Maybank, Aseambankers Malaysia Berhad ("Aseambankers") is writing in reply to your query dated 6 September 2000.


As per your query, the following are the additional information requested:

1. Other than the Proposed Acquisition whereby Maybank proposed to acquire the entire equity interest in Phileo Allied Securities Sdn Bhd including all its subsidiaries and the entire equity interest in Phileo Allied Bank Berhad including all its subsidiaries except for three (3) subsidiaries, namely Phileo Allied Options and Financial Futures Sdn Bhd, Phileo Allied Unit Trust Management Sdn Bhd and Phileo Asset Management Sdn Bhd, Maybank will not be assuming any other liabilities.

2. Based on information obtained from Phileo Allied Berhad and Phileo Allied Finance (Malaysia) Berhad, the original cost of investment to Phileo Allied Berhad in Phileo Allied Bank Berhad was RM733 million made on 6 July 1994 and as for Phileo Allied Securities Sdn Bhd, the cost of investment was RM230 million made on 26 May 1994. The original cost of investment to Phileo Allied Finance (Malaysia) Berhad in Phileo Allied Bank Berhad was RM22 million made on 1 July 1999.

Query Letter Contents :

We refer to your announcement dated 30 August 2000 in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release: -
1. Particulars of all liabilities to be assumed by Maybank arising from the
Proposed Acquisition.
2. Original cost of investment to Phileo Allied Berhad and Phileo Allied
Finance (Malaysia) Berhad in the respective Subject Companies and the date of
such investment.
Please furnish the Exchange with your reply within (2) market days from the
date hereof.


Yours faithfully


CHONG FUI TZY
Manager, Listing Operations
HTH/TPL



Announcement Info

Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced8 Sept 2000  
CategoryGeneral Announcement
Reference NoCU-000906-63956

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