Reported 16 days ago
Singapore's DBS Group Holdings is exploring opportunities to expand into Malaysia through potential acquisitions of bank stakes, including a 29.1% stake in Alliance Bank Malaysia currently owned by Temasek, valued at approximately $460 million. The bank is also considering purchasing Kuwait Finance House's Malaysian retail banking assets, which are worth over $500 million and up for sale. Any formal negotiations would require approval from Bank Negara Malaysia as DBS looks to enhance its presence in the country amidst strengthening economic conditions.
Source: YAHOO