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.

Commercial Banks, Holding companies, not elsewhere classified, Banking industry, Malaysia, United Malayan Banking Corporation Bhd., Datuk Keramat Holdings Bhd.

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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.

Functions related to deposit banking, Bank holding companies, Merchant banks, MBF Holdings Bhd., Malayan United Industries Bhd., Asian Oceanic Holdings Ltd.

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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.

Cement industry, Feed industry, Salim Group, Indocement Group, Bogasari Flour Mills P.T.

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