According to rumours, while I was day dreaming...

There was a whisper that CIMB will be taking over Maybank due to recent weaknesses.

Information was sketchy cause I was to happy till I forgot to ask why...

Can anyone confirm this?

Or was it just a dream....

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.

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?

This post has been edited by aurora97: Apr 7 2008, 10:21 PM

any supporting link to my bling bling?

guess i wan't day dreaming after all...

by the way whose going to take the lead for Maybank or Cimb?

when two major banks in Malaysia ranking top 1 & 2 in the Bank table, i doubt it one single Bank like PB would be able to compete.

It's worth mentioning that I think some article stated that it would be the biggest bank in South East Asia. (lazy to check ref)

Look at Sime now, top 5 biggest plantation in the world!

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???