PETALING JAYA: One of the challenges facing DBS Group Holdings Ltd's possible entry into Malaysia's Alliance Financial Group Bhd (AFG) is the high price it may need to pay to buy out the Malaysian party in the holding company that controls 29% in AFG, according to banking sources familiar with the situation.
It has already been speculated that Temasek may hive off its stake in AFG to DBS, Singapore's biggest lender, to pave the way for the latter's entry into the Malaysian market. Also, earlier this year reports indicated that Langkah Bahagia was looking to sell its interest in AFG. Full story
