Corp News

Media clarification

28 March 2008

2 min read

Maybank's proposed acquisition of Bank Internasional Indonesia


As highlighted in the Maybank announcement on the proposed acquisition of Sorak Financial Holdings Pte Ltd ("Sorak") on 26 March 2008, Maybank wishes to reiterate that the proposed acquisition of Sorak is for a cash consideration of approximately USD1.5 billion (RM4.8 billion).


We wish to point out the inaccuracy of a media report today, 28 March 2008 that Maybank may need to raise RM3.6 billion of equity to finance the transaction.


Maybank would like to emphasise that it has in place an active capital management policy and intends to maintain robust capital ratios post the acquisition.