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Maybank Buys Stake in Pakistan Bank

Yah man, M boleh. Unlike Sinka, they don't like angmo, since mad time leow. However, they procured state-of-art weapons and machines and subsequently sending home made astronaut to space leh. Lagi boleh.

BTW, strange loh, top vol Bursra today no bank leh, except Public Bk Bhd. 11 Rm, may consider to keep few. But kia kia leh, previously 13 lots kena frozen in Globe, for yrs ah. May gain in exh as Spore $ strong. Will consult broker.

 

Malaysia's largest lender, Malayan Banking, has bought a strategic stake in Pakistan's MCB Bank for $680 million, betting on a brighter economic future for the troubled frontier state.

Maybank's offer represents about 5.4 times MCB's book value, according to Reuters data.

Maybank said on March 21 it had bought a 15 percent stake in Vietnam's An Binh Bank for $135 million cash.

A week later, it paid $2.7 billion or 4.6 times book value for a controlling stake in Indonesia's sixth-largest bank, Bank Internasional Indonesia -- a price judged very high by analysts familiar with BII.

So many cheap cheap american banks lying around with <2 p/b, dun want to buy??? I am glad we sillyporeans buy into UBS, Citibank & Merill Lynch....