PETALING JAYA, Feb 24 (Bernama) — AFFIN Group and MBSB Bank Berhad (“MBSB Bank”) have jointly committed RM3.8 billion in a syndicated facility to support Mawar Setia Sdn Bhd’s acquisition of over 50% controlling stake in U Mobile Sdn Bhd.
Under the syndicated arrangement, AFFIN Group has committed RM2.4 billion, while MBSB Bank has committed RM1.4 billion. Proceeds from the facility will part-finance Mawar Setia’s purchase of shares from Straits Mobile Investments Pte Ltd.