Maybank is Malaysia’s largest domestic bank. It is also a government linked company with the government having close to 60% control of the banking group’s assets.
Recently Maybank has disclosed that it intends to buy over Temasek Holdings’ (a Singapore government linked company) shares in Bank Internasional Indonesia (BII) for a premium of 4.6 times above its book value for a total sum of RM8.6 billion.