Business

AmBank securities trade suspended pending announcement

This follows banking group being slapped with a massive RM2.83 bil settlement linked to 1MDB scandal

Updated 5 years ago · Published on 01 Mar 2021 9:58AM

AmBank securities trade suspended pending announcement — AmBank on Saturday requested a suspension of trading of its stock and structured warrants this morning with effect from 9am. – AFP pic, March 1, 2021

KUALA LUMPUR – Trading of AMMB Holdings Bhd (AmBank) shares has been halted pending an announcement.

The group had on Saturday requested a suspension of trading of its stock and structured warrants this morning with effect from 9am.

This comes after the banking group was slapped with a massive RM2.83 billion settlement on all outstanding claims and actions in relation to AmBank Group’s involvement in the 1Malaysia Development Bhd (1MDB) corruption scandal.

The RM2.83 billion settlement is equivalent to 15% of shareholder equity base and nearly 30% of its market capitalisation based on last Friday’s closing at RM3.16. – The Vibes, March 1, 2021

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Business

Ringgit holds firm against major currencies as markets await key US inflation data

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

AI should support human thinking, not replace it - MDEC CEO

Business

AmBank securities trade suspended pending announcement

Related News

Court allows Najib to obtain documents ahead of 1MDB's US$8 billion suit hearing

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

1MDB assets: Four high-value artworks returned to Malaysia

1MDB: Pablo Picasso painting among four to arrive in Malaysia

Ramanan strongly dismisses allegations linking him to Mr R

US investigates manufacturing overcapacity in 15 economies, including Malaysia, EU

Spotlight

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

Woman molested on her way home from work (video)

Court allows Daim's daughter to permanently keep passport

Santiago pokes holes in data centre hype, asks: Who really benefits?

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Man blames 'lack of love' for sexual assault on teens

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Ringgit holds firm against major currencies as markets await key US inflation data

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

AI should support human thinking, not replace it - MDEC CEO

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Get the app

Sections

About

Get the app

AmBank securities trade suspended pending announcement

Related News

Court allows Najib to obtain documents ahead of 1MDB's US$8 billion suit hearing

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

1MDB assets: Four high-value artworks returned to Malaysia

1MDB: Pablo Picasso painting among four to arrive in Malaysia

Ramanan strongly dismisses allegations linking him to Mr R

US investigates manufacturing overcapacity in 15 economies, including Malaysia, EU

Spotlight

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

Woman molested on her way home from work (video)

Court allows Daim's daughter to permanently keep passport

Santiago pokes holes in data centre hype, asks: Who really benefits?

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Man blames 'lack of love' for sexual assault on teens

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Ringgit holds firm against major currencies as markets await key US inflation data

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

AI should support human thinking, not replace it - MDEC CEO

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Get the app