KUALA LUMPUR (Dec 10 ): Malayan Banking Bhd (Maybank)which is in the midst of finalising the liquidation of dormant subsidiary Maydis Bhd said the discount house will be dissolved upon expiry of the three-month period following the lodgement of the unit’s statutory return with the Companies Commission of Malaysia. In a statement to Bursa Malaysia on Monday, Maybank said Maydis which were put under voluntary liquidation since December 10, 2010, had held its final meeting on Monday (December 10, 2012). "The dissolution of Maydis will not have any material effect on the earnings or assets of Maybank group for the financial year ending December 31, 2012. "None of the directors or substantial shareholders of Maybank or persons connected to them has any interest in the voluntary liquidation," Maybank said. A discount house’s operations include the buying and selling of public sector financial instruments such as government bonds. According to Maybank, Maydis has be
KUALA LUMPUR, March 27 Genting Bhd and Genting Malaysia Bhd’s shares rallied in early trade Monday on a possible exit from the Miami property market with big gains. At.
KUALA LUMPUR: Genting Bhd and Genting Malaysia Bhd's shares rallied in early trade Monday on a possible exit from the Miami property market with big gains.
Global banks continue to dominate business headlines this week, with the marriage between Swiss banking rivals, UBS Group AG and Credit Suisse Group AG, sparking fresh concerns about the finance sector.