AMCORP GROUP TO SELL 11.4% OF AMMB TO ANZ

AmcorpGroup Bhd has proposed to sell 300 million AMMB Holdings Bhd shares, or 11.4% on a diluted basis, to Australia & New Zealand Banking Group Ltd (ANZ) at RM4.30 per share. 

 

AMMB is expected to make a sharp move today. AMMB-WA & WB are expected to make another round uptrend.