MPNG - What does MPNG stand for? The Free Dictionary
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Malayan Banking Berhad (Maybank) (KUL: MBKM) (SIN: MBKM) (OTC: MLYB) has said that it has entered into a share sale agreement (SSA) with Kina Ventures Limited and Kina Securities Limited of Papua New Guinea, for the sale of Maybank's entire equity interest in Maybank (PNG) Limited (MPNG) and Maybank Property (PNG) Limited (MPPNG) to Kina Ventures.
The disposal involves the sale of the entire equity interest in MPNG and MPPNG respectively for a total cash consideration of approximately PGK319m (approximately MYR418m.