Malaysian company selling its local bank

12 November 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce / Foreign investors / Investment
Affin Holding Bernard / Bursa Malaysia / Hwang-DBS Bhd / Kredit Microfinance Institution / Malaysian aid / Phillip MFIs Pte Ltd / PhillipCapital Group / Singapore

Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. … The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in Cambodia with MFI subsidiary Kredit Microfinance Institution. …

 Daniel de Carteret
http://www.phnompenhpost.com/business/malaysian-company-selling-its-local-bank

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