(Bloomberg) -- Alliance Bank Malaysia Bhd., with 6.57
billion ringgit ($1.9 billion) of cash on its balance sheet, may
return funds to investors after hiring BNP Paribas SA to assess
its capital needs.
The Kuala Lumpur-based bank, the closely held main division
of Malaysian Plantations Bhd., may also sell debt as part of the
review, Chief Executive Officer Bridget Lai said in an interview.
BNP's assessment should be completed next quarter, she said.
Temasek Holdings Pte, the Singapore state investment unit,
controls 15 percent of Malaysian Plantations.
Read more at Bloomberg Emerging Markets News
billion ringgit ($1.9 billion) of cash on its balance sheet, may
return funds to investors after hiring BNP Paribas SA to assess
its capital needs.
The Kuala Lumpur-based bank, the closely held main division
of Malaysian Plantations Bhd., may also sell debt as part of the
review, Chief Executive Officer Bridget Lai said in an interview.
BNP's assessment should be completed next quarter, she said.
Temasek Holdings Pte, the Singapore state investment unit,
controls 15 percent of Malaysian Plantations.
Read more at Bloomberg Emerging Markets News
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