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