KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) has completed its merger with Danajamin Nasional Bhd, following the transfer of Danajamin’s business and undertakings to BPMB effective March 1.
NEWS of Malaysian Industrial Development Finance Bhd (MIDF) possibly merging with MBSB Bank Bhd has reignited interest in consolidation within the local banking industry.
Tan Sri Tony Fernandes, chief executive officer of Capital A Bhd (formerly known as AirAsia Group Bhd), has clarified that the group decided not to proceed with a club facility of up to RM500 million under the Danajamin Prihatin Guarantee Scheme as it deemed some of the conditions imposed unreasonable.
Based on corporate announcements and news flow on Thursday (March 10), companies that may be in focus on Friday include Capital A Bhd, Farm Fresh Bhd, Sapura Energy Bhd, MyEG Services Bhd, MSM Malaysia Holdings Bhd, CTOS Digital Bhd, Bermaz Auto Bhd, Solarvest Holdings Bhd and Resintech Bhd.
KUALA LUMPUR, March 10 Capital A Bhd said it will not be proceeding with the RM500 million club facility secured recently as it is unable to accept certain conditions. Following this, it is exploring other available debt financing alternatives with acceptable terms suitable to the operations.