Key Developments: Ammb Hldg Bhd (AMMB.KL)

AMMB.KL on Kuala Lumpur Stock Exchange

6.47MYR
24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

AMMB Holdings Bhd announces change in CEO
Thursday, 19 Mar 2015 08:00pm EDT 

AMMB Holdings Bhd:Says retirement of Ashok Ramamurthy as Chief Executive Officer.Says appointment of Datuk Mohamed Azmi bin Mahmood as Chief Executive Officer.  Full Article

AMMB Holdings Bhd proposed disposal of 100 pct equity interest in AmFraser Securities Pte Ltd
Thursday, 29 Jan 2015 07:00pm EST 

AMMB Holdings Bhd:Refers to previous announcement on Aug. 25, 2014 in respect of the Group’s proposed disposal of its 100 pct equity interest in AmFraser Securities Pte Ltd to KGI Asia (Holdings) Pte Ltd (KGI), 100 pct-owned subsidiary of Taiwan-based stockbroking company, KGI Securities Co. Ltd.Further thereto, announces that following the approval of the relevant Taiwanese and Singaporean regulatory authorities and fulfilment of other conditions, the proposed disposal was completed on Jan. 30.  Full Article

AMMB Holdings Bhd declares interim dividend
Tuesday, 18 Nov 2014 07:00pm EST 

AMMB Holdings Bhd:Declares a single tier dividend of 12.0 pct for the financial year ending March 31, 2015.Payment date is Dec. 16.  Full Article

AMMB Holdings Bhd's subsidiary announces proposed disposal of PT AmCapital Indonesia
Monday, 29 Sep 2014 08:00pm EDT 

AMMB Holdings Bhd:Says AmSecurities Holding Sdn Bhd, subsidiary entered into sale and purchase agreement with Yuanta Securities (Hong Kong) Co Ltd.For proposed disposal of Group’s 99 pct shareholding in PT AmCapital Indonesia (AMCI).Proposed Disposal involves sale of 144,724 ordinary shares of Rp1,000,000 each in AMCI for an indicative cash consideration of about Rp.83.7 bln at premium over adjusted net assets of AMCI.  Full Article

AMMB Holdings Bhd's subsidiary to dispose AmFraser Securities Pte Ltd
Sunday, 24 Aug 2014 08:00pm EDT 

AMMB Holdings Bhd:Wholly-owned Singapore-based subsidiary, AmFraser International Pte Ltd (AmFIPL) enters into sale and purchase agreement with KGI Asia (Holdings) Pte Ltd (KGI), a 100 pct-owned subsidiary of KGI Securities Co. Ltd.Says for proposed disposal by AmFIPL of its 100 pct-owned stockbroking subsidiary, AmFraser Securities Pte Ltd.Says proposed disposal involves sale of 57,527,908 ordinary shares in AmFraser for indicative cash consideration of about S$38 mln.  Full Article

AMMB Holdings Bhd updates on final dividend
Thursday, 24 Jul 2014 08:00pm EDT 

AMMB Holdings Bhd:Says final single tier dividend of 16.9 pct for FY ended March 31, 2014 will be paid on Sep. 12.EX-date on Aug. 27.Entitlement date on Aug 29.  Full Article

AMMB Holdings Bhd declares final dividend
Monday, 19 May 2014 08:00pm EDT 

AMMB Holdings Bhd:Declares a final single tier ordinary dividend of 16.9 pct for the financial year ended March 31 of 0.169 ringgit per share.Payment to be determined later.  Full Article

AMMB Holdings Bhd's subsidiary announces strategic partnership with MetLife Inc for sales of equity interest
Tuesday, 29 Apr 2014 08:00pm EDT 

AMMB Holdings Bhd:Refer to announcement on April 28 in relation to proposed strategic partnership with MetLife, Inc. in AmLife Insurance Berhad and AmFamily Takaful Berhad, which involves sale of equity interests held by AMAB Holdings Sdn Bhd, a wholly-owned subsidiary, in each of AmLife and AmTakaful.Says to MetLife International Holdings, Inc., a wholly-owned subsidiary of MetLife, Inc. for an aggregate cash consideration of 812 mln Ringgit.Share Sale was completed on April 30.  Full Article

AMMB Holdings Bhd announces members' voluntary winding up of subsidiaries
Monday, 10 Feb 2014 07:00pm EST 

AMMB Holdings Bhd:Says it had commenced members’ voluntary winding-up of following indirect wholly-owned Singapore-incorporated subsidiaries.Fraser-AMMB Research Pte Ltd.Fraser Financial Services Pte Ltd.Says that the dissolution of Fraser-AMMB Research Pte Ltd and Fraser Financial Services Pte Ltd by way of members’ voluntary winding-up have taken effect on Feb. 11.  Full Article

AMMB Holdings Bhd sells AmLife stake to Metlife for $250 mln - Reuters
Thursday, 19 Dec 2013 08:04am EST 

AMMB Holdings Bhd:Says it will sell a 51 pct stake in its insurance arm AmLife Insurance for 812 million ringgit ($249 million) to U.S. insurer Metlife Inc - Reuters.Says it will retain a part share in AmLife and 51 percent of AmFamily Takaful Berhad.Says as part of the deal, MetLife will also enter an exclusive 20-year agreement to sell insurance and takaful products through AMMB's banking network across Malaysia.Says Morgan Stanley was the exclusive financial advisor to AMMB.  Full Article

MOVES-AMMB names Azmi Mahmood as acting group MD

KUALA LUMPUR, March 20 - AMMB Holdings Bhd , Malaysia's fifth biggest lender, appointed Mohamed Azmi Mahmood as its acting group managing director, effective April 2.

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