MALAYSIA: MIDF Amanah Asset Management CEO Shan Kamahl Mohammad is leading a management buyout bid for the asset management firm, which is wholly owned by MBSB, according to people familiar with the matter, with the group having submitted an application to the Securities Commission Malaysia that is currently under review. Sources said Shan has assembled a consortium of senior corporate figures as part of the proposed transaction, which remains subject to regulatory approval and forms part of ongoing corporate restructuring activity involving the MBSB group, the Edge reported.
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