Malaysia: Ong Beng Seng and party acquires 14.8% in AFG, joins Temasek as major shareholder

Malaysia: Ong Beng Seng and party acquires 14.8% in AFG, joins Temasek as major shareholder

A move by three individuals acquiring an indirect 14.8 per cent stake in Malaysia’s Alliance Financial Group (AFG) has sparked speculation of corporate action between AFG and Singapore’s Temasek Holdings.

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