UPDATE 1-Indonesia's bourse halts trading in BII shares
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JAKARTA, Sept 26 (Reuters) - The Indonesia Stock Exchange said it had suspended trading in Bank Internasional Indonesia (BII) (BNII.JK) shares for the first session on Friday after the Malaysian central bank told Maybank to renegotiate its acquisition price for BII.
The halt will be lifted in the second session at 0700 GMT.
Malaysia's state-controlled Maybank (MBBM.KL) said it had been told by the Malaysian central bank to cut the price of its proposed $2.7-billion acquisition of Bank Internasional Indonesia [ID:nKLR357265].
Trading in Maybank shares was also suspended until 0630 GMT as the deal was supposed to complete on Friday.
The path to a deal has been troubled, and the Malaysian central bank, Bank Negara Malaysia (BNM), had previously blocked the purchase when Indonesian regulators insisted Maybank would have to sell part of its stake in the future.
BII shares have dropped nearly 8 percent to 470 rupiah since the deal was announced.
Maybank said it would hold talks with Fullerton Financial Holdings, part of Singapore's Temasek [TEM.UL], and South Korea's Kookmin Bank 060000.KS, majority stakeholders in BII. (Reporting by Harry Suhartono, editing by Sugita Katyal)
