Shell shock: questions surround bid for Malaysian bank
Article Abstract:
Datuk Keramat Holdings had bid for the acquisition of government-controlled United Malayan Banking Corp. The bidder is an investment holding company with insufficient capital, a fact which has led many to question the government's criteria and methods used in the search for a buyer for the bank which is the third biggest commercial bank in the country. The proposal of the holding company is a complex one involving third party firms who would ultimately own the bank after their acquisition of the bidder.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Permit pocketed
Article Abstract:
MBF Holdings Bhd's failure to acquire a 33% controlling interest in Malayan United Industries Bhd (MUI) has resulted in the Malaysian government's approval of its planned purchase of a local bank. Negotiations between the two companies broke off after MUI rejected MBF Holdings' purchase offer of M$535 million. MBF Holdings also announced that it was shelving plans to acquire Asian Oceanic Holdings Ltd, a Hong Kong-based merchant bank.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Feeding the giant: Indonesia's Salim Group beefs up Indocement
Article Abstract:
The Salim Group plans to inject Bogasari Flour Mills and Indofood Group into Indocement Tunggal Prakarsa. The deal, which would cost around $850 million, is Indonesia's largest-ever corporate transaction. The acquisition is also expected to increase Indocement's debt-to-equity ratio to 1.32:1 while limiting its tax liabilities through a significant rise in depreciation and goodwill charges.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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