Maybank has been suspended today at around 4pm, does anyone have any intel of what is going on?
Don't think its a merger with CIMB though, but possibility of a strategic merger???
Rumour Mongering, Takeover by CIMB over what!?
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 May 2 2008, 06:33 PM
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3,790 posts Joined: Aug 2007   
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May 2 2008, 09:16 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(aurora97 @ May 2 2008, 06:33 PM) Maybank has been suspended today at around 4pm, does anyone have any intel of what is going on? But CIMB is not suspended so it won't be anything related with CIMB.Don't think its a merger with CIMB though, but possibility of a strategic merger???  |
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May 2 2008, 10:08 PM
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792 posts Joined: Jan 2003
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whether they merge of not, it doesnt affect me, cos im no longer using maybank much anymore.
mostly pbb and hsbc. pbb is the only local bank that i'd use. rest is no no.. but merger is possible, anything is possible in msia. but it'd be a pain for both giants to merge.. This post has been edited by wheimeng: May 2 2008, 10:09 PM |
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May 2 2008, 10:33 PM
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Senior Member
1,112 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(aurora97 @ May 2 2008, 06:33 PM) Maybank has been suspended today at around 4pm, does anyone have any intel of what is going on? http://sg.news.yahoo.com/rtrs/20080502/tbs...nk-7318940.htmlDon't think its a merger with CIMB though, but possibility of a strategic merger??? Read this and tell me if any hidden agendas. |
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May 2 2008, 10:34 PM
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Senior Member
725 posts Joined: Apr 2008 From: Kuala Lumpur
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QUOTE(aurora97 @ Apr 7 2008, 10:16 PM) I don't know whether the "trader" (in the line of work, i hear alot of rubbish) in my dream talking rubbish or not, because Maybank has been significantly weaken the recent days. A sign of weakness doesn't mean that CIMB will use that opportunity to try to take over maybank. Its very i would like to say 'risky' and lots of capital involve. The finance manager will naik gila....Some say it expanded too fast, spending too much and incurring debt along the way. This companies are normally very easily gobbled up by rivals, because this company don't see any profit in the short run caused no more cash to fight hostile takeover. CIMB has the cash, if Cimb is successful it can takeover all the units and tear all of them apart and make money from it and significantly expand market share by taking what is $$. How much did CIMB funded for Maxis to go private again? |
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May 2 2008, 10:55 PM
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792 posts Joined: Jan 2003
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yea, maybank is like on buying spree, without acknowledging the price. i guess the new ceo wahid would be dealing with these issues when he gets on board.
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Jul 22 2008, 01:14 PM
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3,944 posts Joined: Jul 2008
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QUOTE(aurora97 @ May 2 2008, 07:33 PM) Maybank has been suspended today at around 4pm, does anyone have any intel of what is going on? ITS IMPOSSIBLE FOR THE SECOND LARGEST BANK TAKING OVER LARGEST BANK IN MALAYSIA. Unless maybank is facing any financial crisis. Even maybank is facing any financial crisis the government also won't let cimb to take over maybank. Cimb need to forkout billions to take over maybank.....maybank market capitalization is 50 billion my frend..... 60% of maybank share is own by government (PNB , KHAZANAH, EPF ....)Don't think its a merger with CIMB though, but possibility of a strategic merger??? |
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Jul 22 2008, 02:48 PM
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1,345 posts Joined: Dec 2007
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Hmmm..... if the 2 giants merge..... hope PBB not effected much
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Jul 22 2008, 03:07 PM
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33 posts Joined: Jun 2008 From: 012 6611 828 
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biggest in south east asia? |
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Jul 25 2008, 11:02 PM
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Senior Member
4,027 posts Joined: Oct 2004
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QUOTE(darkknight81 @ Jul 22 2008, 01:14 PM) ITS IMPOSSIBLE FOR THE SECOND LARGEST BANK TAKING OVER LARGEST BANK IN MALAYSIA. Unless maybank is facing any financial crisis. Even maybank is facing any financial crisis the government also won't let cimb to take over maybank. Cimb need to forkout billions to take over maybank.....maybank market capitalization is 50 billion my frend..... 60% of maybank share is own by government (PNB , KHAZANAH, EPF ....) merger is not impossible, since both bank major shareholder are government. If PNB and Khazanah really want to merge maybank and CIMB, it may actually happen. |
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Jul 26 2008, 09:10 AM
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Senior Member
1,032 posts Joined: Nov 2005 From: kuala lumpur
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maybank tried to buy over a bank in indonesia. but then got problem with the 20% tingie and indon gov said MAYBANK will have no special treatment what so ever
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