Bloomberg.com, 29 Sep 2008, Bomi Lim
Sept. 29 (Bloomberg) -- Temasek Holdings Pte and Kookmin Bank offered a discount of $177 million to Malayan Banking Bhd. in an attempt to save an Indonesian takeover deal that was blocked by Malaysia's central bank on the eve of the deadline.
Temasek said its offer wasn't accepted by Malayan Banking, or Maybank, whose shares were suspended from trading in Kuala Lumpur today ahead of an announcement on the transaction. The Singapore state-owned investment company offered the discount as a rebate.
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