Maybank still suspended

30 09 2008

KUALA LUMPUR: Trading in the securities of Malayan Banking Bhd (Maybank) was still suspended for the second day on Tuesday pending an announcement on the latest proposal involving PT Bank Internasional Indonesia TKB (BII).

Maybank said in a statement to Bursa Malaysia on Tuesday that Bursa Malaysia Securities Bhd had approved its application to suspend the trading of Maybank’s securities from 9am to 5pm.

The suspension was to allow Maybank to announce the latest status on its proposal of the BII acquisition. On Monday, it was suspended from 9am to 5pm.

Source: The Star Online

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