MALAYSIA PRESS-Temasek's plan to divest Alliance to DBS faces hurdles-The Edge

Wed Aug 22, 2012 9:02pm EDT

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Temasek's partnership with Malaysia's privately held Langkah Bahagia Sdn Bhd is complicating the Singapore investment agency's bid to divest its investment in Alliance Financial Group Bhd to DBS Bank Ltd.

One major bugbear to the proposed divestment plan is that the transaction will not comply with domestic rules that limit ownership by any single group in a financial institution to 20 percent, banking executives familiar with the situation said.



Cocoa processor keeps secondary listing plan in Singapore open-The Star


NOTE: Reuters has not verified these stories and does not vouch for their accuracy.

(Kuala Lumpur newsroom, +603 2333-8046, fax 603 2161-3340,

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