MBSB to provide RM700mil funding for 8 Rumawip projects

16 Jan 2018 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is planning to rollout up to RM700mil in financing for the development of eight more Federal Territories Affordable Housing (Rumawip) projects. President and CEO, Datuk Seri Ahmad Zaini Othman said the total gross development value (GDV) of these projects ...
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Solar Management secures RM247mil financing for solar project

29 Nov 2017 - The Star Online
KUALA LUMPUR: Solar Management (Seremban) Sdn Bhd has secured RM247mil in financing for its first large-scale solar farm project in Malaysia. “We are the second company to secure financing for the 50MW solar farm project in the country,” said director Tee Cheng Hua at a press conference yesterday. The ...
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Solar Management secures RM248mil financing for solar farm project

28 Nov 2017 - The Star Online
KUALA LUMPUR: Solar Management (Seremban) Sdn Bhd has secured a RM248mil financing for its first large-scale solar farm project in Malaysia. “We are the second company to secure financing for the 50MW solar farm project in the country,” said Solar Management director Tee Cheng Hua at a press conference ...
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MBSB’s profit soars on lower allowances for impairment losses

23 Nov 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) boosted its net profit to RM100.74mil in the third quarter ended Sept 30, 2017, up 73.9% from a year earlier. This improvement, achieved on 1.6% lower revenue of RM816.87mil, was mainly due to much lower allowances for impairment losses on loans, advances ...
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News about AFB acquisition pushes up MBSB shares

8 Nov 2017 - The Star Online
PETALING JAYA: Shares of non-bank financial institution Malaysia Building Society Bhd (MBSB) ended higher yesterday on news that it will be acquiring Asian Finance Bank Bhd (AFB). At 5pm, MBSB shares rose six sen to RM1.17. The exercise, which will give MBSB the licence to become a full-fledged Islamic ...
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MBSB rises to high of RM1.24 on AFB purchase

7 Nov 2017 - The Star Online
KUALA LUMPUR: Shares of Malaysia Building Society Bhd (MBSB) rose to its Sept 20 high of RM1.24 when it resumed trading on Tuesday after announcing its RM644.95mil purchase of Asian Finance Bank Bhd (AFB). At 9.20am, MBSB was trading at RM1.20. There were 8.38 million shares done at prices ranging from ...
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Third time lucky for MBSB, acquires AFB for RM645mil

7 Nov 2017 - The Star Online
PETALING JAYA: Malaysia Building Society Bhd (MBSB) has agreed to acquire Asian Finance Bank Bhd (AFB) in a RM644.95mil deal that will give it the licence to become a full-fledged Islamic bank. The acquisition will be settled via cash and issuance of new MBSB shares. “The merged entity is expected to ...
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MBSB to acquire Asian Finance Bank for RM645mil

6 Nov 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is acquiring Asian Finance Bank Bhd (AFB) for RM644.95mil through a combination of cash and new MBSB shares. The non-bank lender told Bursa Malaysia that it had on Monday entered into a conditional share purchase agreement with the shareholders of AFB, ...
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MBSB sets to make material announcement

3 Nov 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has requested for its securities to be suspended from trading on Monday pending the release of a material announcement. MBSB said Bursa Malaysia Securities had approved its application for the 9am-to-5pm suspension on Nov 6. As such, all structured warrants ...
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RAM Ratings reaffirms MBSB's RM700m Sukuk

5 Oct 2017 - The Star Online
KUALA LUMPUR: RAM Ratings has reaffirmed the AA1/Stable rating of Malaysia Building Society Bhd ’s (MBSB) RM700mil tranche two structured covered sukuk. The rating agency said on Thursday the issue rating reflects MBSB’s long-term financial institution rating (FIR), the transaction’s “average” interruption ...
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