Islamic financial services group BIMB Holdings Bhd has received consent from Bank Negara to start negotiations with Dubai Financial Group LLC (DFG) and Lembaga Tabung Haji (LTH) for its proposed acquisition of DFG’s stake in Bank Islam Malaysia Bhd.
In a filing with Bursa Malaysia, BIMB said it had received a letter from Bank Negara on Oct 5 saying that the central bank “has no objection in principle” for the negotiations, which should be completed on or before March 31, 2013………………………………………..Full Article: Source