Malaysia

Banks on Islamic stockbroking service HOT Broking to expand its curreent 6.5% share in the market.

Some analysts see the unprecedented move will be followed by other players.

OSK-UOB Flexible China Solutions provides opportunities to tap the Chinese market for a minimum of $3,115 investment.

Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.

Lender banks on improving financials and fundraising potential for bid despite criticized for being small.

MoU gives bank 10-year right to sell insurer's plans while latter pays $30mln exclusivity fee.

Expansion includes integration of its in-country treasury management service as part of $1 billion global investment.

Standard & Poor's has no immediate rating action on Hong Leong Bank's potential acquisition of EON Capital Bhd. S&P believes the planned acquisition will not materially affect HLB's financial profile. Based on the proposed full cash offer price of 1.4x the net book value of EON, the capitalisation of the merged entity will remain adequate despite the slight decline from goodwill generation of about US$411 million.

Talks with Hong Leong for possible acquisition of its assets and liabilities are not yet finalised.

The two parties agree to join their expertise in exploring opportunities and providing excellent service.

HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.

The Securities Commission approved the increase of CIMB Islamic DALI Equity Theme Fund from two billion to 2.2 billion units.

CIMB-Principal declared income distributions for two of its equity funds –Equity Fund 2 and Equity Growth Fund.

Hong Leong InvestSafe has consistently produced gross returns higher than fixed deposits since its inception three years ago.

Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.

Hang Seng’s strong capital position prompts HSBC to woo investors to take part in the former’s growth potential.