Report on S'wak wanting to buy AmBank stake mere speculation - Abang Jo

Sarawak Premier Abang Johari Openg has described the report that the state wanted to acquire a stake in AMMB Holdings Bhd (AmBank Group) to merge with Affin Bank Bhd as mere speculation.

He also denied that Sarawak had sent a state government representative to discuss the matter with the AmBank Group.

“If you want to propose, you should ask her father first... but (in this context), the father doesn't know about the matter, so how can you propose?

“Jokes aside, I was also surprised when I read the report. The report is just a speculation.

“I have no comment because I don't know about that,” he told reporters at the Regional Corridor Development Authority’s Raya Rindok event in Kuching today.

Abang Johari, however, said Sarawak is always ready to negotiate with any entity if there is one that wants to collaborate with the state government.

Earlier, a report claimed that Sarawak, the largest shareholder of Affin Bank, was in talks with AmBank Group to merge the two banks.

The report also claimed that Sarawak had contacted AmBank founder Azman Hashim and expressed interest in buying his stake in the group.

- Bernama

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