News
Advance Synergy Berhad (1225-D) ("ASD") United Merchant Group Berhad (286452-T) ("UMG" Or The "Company") Proposed Merger Of Perdana Merchant Bankers Berhad ("Perdana Bankers"), Perdana Finance Berhad ("PFB") And United Merchant Finance Berhad ("UMF") With The Southern Bank Berhad Group ("SBB Group")
BackAug 06, 1999
| General Announcement Reference No MM-990806-42361 |
| Submitting Merchant Bank | : | PERDANA MERCHANT BANKERS BERHAD |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 06/08/1999 |
 |
|
|
| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD (1225-D) ("ASB") UNITED MERCHANT GROUP BERHAD (286452-T) ("UMG" or the "Company") Proposed Merger of Perdana Merchant Bankers Berhad ("Perdana Bankers"), Perdana Finance Berhad ("PFB") and United Merchant Finance Berhad ("UMF") with the Southern Bank Berhad Group ("SBB Group") |
Contents :
On behalf of the Board of Directors of ASB and UMG, Perdana Bankers is pleased to announce that Bank Negara Malaysia ("BNM") has granted approval for UMG, a 50.75% owned subsidiary of ASB, to commence negotiations with Southern Bank Berhadto merge Perdana Bankers, PFB and UMF with the SBB Group.
Perdana Bankers is a 70.1%-owned subsidiary of UMG, PFB is a 88%-owned subsidiary of Perdana Bankers and UMF is UMG's wholly-owned subsidiary.