MBSB

AcronymDefinition
MBSBMalaysia Building Society Berhad
MBSBMaxis Broadband Sdn. Bhd. (Malaysia)
MBSBMission Biotechnologies Sdn. Bhd. (Australia)
References in periodicals archive ?
In tandem, CIMB Islamic, RHB Islamic and MBSB will merge to form a mega-Islamic Bank.
The second part of the deal includes the proposed merger of CIMB Islamic, RHB Islamic and MBSB to generate a mega-Islamic bank.
Through intensive product development and new marketing campaigns, MBSB plans to grow its retail assets -personal financing and home mortgage products - while also establishing a position as a reliable corporate financial provider.
The largest shareholders of MBSB and Bank Muamalat are the EPF (64 per cent) and DRB-HICOM (70 per cent).
In the financial sector, a potential merger between RHBCAP and MBSB has been touted in recent reports.
MBSB is currently preparing to perform its own salary deduction directly from the Accountant General's (AG) office instead of via Biro Perkhidmatan Angkasa (BPA).
This follows the announcement that merger discussions among CIMB Group Holdings Berhad, RHB Capital Berhad and MBSB have ceased.
We would like to put on record our sincere appreciation to the Board of Directors and management of RHB Capital and MBSB for their full cooperation during our discussions," he added.
The positive Rating Watch mirrors our view that the merged entities' credit profile will commensurate with the highest ratings on RAM's national scale if the proposed merger of CIMB Islamic Bank Berhad (rated AAA/Stable/P1 by RAM), RHB Islamic Bank Berhad (rated AA2/-/P1/RW_Positive by RAM) and MBSB to form a mega Islamic bank materialises.
MBSB, RHB Capital and CIMB Group) as well as being the single largest shareholder of both MBSB and RHB Capital, there exists such a potential conflict of interest situation, where EPF may be able to influence the Proposed Merger to its own benefit; and
On 8 October 2014, CIMB, RHB Capital and MBSB had agreed in principle to key terms of the proposed merger and are now seeking regulatory approval.
This move charts another significant milestone in the history of MBSB since its inception and we are happy to be part of this corporate exercise," said Dato' Ahmad Zaini bin Othman, President and Chief Executive Officer of MBSB.