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HLB Credit card"Guaranteed Gift Program" CHEATING, HLB credit card cheating
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winner
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 Nov 16 2009, 05:37 PM
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QUOTE(santaclaus @ Nov 16 2009, 11:47 AM) to my experience . HLB is a "kiasi" n "kiam" bank lo ... look at their cc benefits usually one of the worst u can get ... To me, I feel that HLB is a loan shark who always misleads innocent people by giving unrealistic information such as personal loan over TV and newspapers. Its hidden T&Cs for home loan are one of the most stringent and cunning in town. QUOTE(MilesAndMore @ Nov 16 2009, 01:25 PM) Public Bank please swallow Hong Leong Bank ALIVE !!!!  I don't think so, at least in near future. In fact, there are rumours that HLB is proposing to take over Affin Bank. |
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winner
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Nov 17 2009, 03:23 PM
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QUOTE(MilesAndMore @ Nov 16 2009, 06:58 PM) The rumors of Hong Leong Bank taking over only started circulating when Guoco Group upped their shares in Bank of East Asia last week and Bank of East Asia is holding 20.5% stakes in Affin Bank. The take over of Affin Bank is only likely to happen should Guoco Group decides to buy over Bank of East Asia. This is because Guoco Group, which is related to Hong Leong Group are only allowed to control one bank in Malaysia. I personally however, do not think this will happen mainly because Affin Bank is a Bumiputra controlled bank. We all know what kind of government we have. Therefore i don't think the government will allow it. The take over of either EON Bank or Alliance Bank are more likely as both banks are Chinese majority controlled banks. If miracle does exist and Hong Leong Bank is allowed to take over Affin Bank. Then they would be couple made in heaven as both are equally sorry banks Nothing is impossible. From business point of view, this is a good time to do M&A as the valuations are not high compared to last year level. If Guoco Group successfully buys over BEA who owns 20.5% stake in Affin Bank, Guoco will indirectly become one of the major shareholders in Affin. However, the challenge is that these 2 banks have so much difference in management, system and culture. One being extremely Chinaman while the othe one being very Malay style. It would be a weird combination and definitely take long effort to merge their operations.  |
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