By DayakDaily Team
KUCHING, July 19: Sarawak’s sale and purchase (S&P) agreement between Affin Bank Bhd and the Armed Forces Fund Board (LTAT) has been delayed.
A news report from The Edge Malaysia (TEM) today said based on information from sources, the signing of the S&P agreement was supposed to be held in Kuala Lumpur today, but was postponed.
“According to sources, the signing ceremony has been postponed as Sarawak looks to ‘clarify some conditions’ that Bank Negara Malaysia (BNM) had attached to the deal,” it said.
TEM said that instead of the S&P agreement, a memorandum of understanding (MOU) will be inked between Sarawak and LTAT on today (July 19).
It added that Sarawak Premier Tan Sri Abang Johari Tun Openg and the State’s dignitaries are already in Kuala Lumpur.
On July 5, Abang Johari disclosed that Sarawak is paving the way to become a dominant player in Malaysia’s banking landscape with the anticipated finalisation of its takeover of a sizeable block in Affin bank on July 19. — DayakDaily
