KUALA LUMPUR (June 20): Shares in Malaysia Building Society Bhd (MBSB) rose 1.51% in active trade this morning after it submitted an application to Bank Negara Malaysia (BNM) for approval of its proposed merger with Asian Finance Bank Bhd (AFB), which is expected to help give MBSB full Islamic banking status.
At 9.52am, MBSB rose 2 sen to RM1.34 with 8.09 million shares traded.
The application had been submitted within the stipulated six-month time frame to "seek the approvals of BNM and/or the Ministry of Finance, Malaysia," MBSB said.
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