DBS Is Said to Revise Alliance Bank Offer Proposal to 30% Stake

Core Points - DBS Group Holdings Ltd. has revised its application to acquire a stake in Alliance Bank Malaysia Bhd. from a proposed 49% to a maximum of 30% due to regulatory challenges [1][2] - The revised request is expected to have a higher likelihood of approval from Bank Negara Malaysia, facilitating discussions with Alliance's largest shareholder, Vertical Theme Sdn. [2] - The potential acquisition would enhance DBS's presence in Malaysia, where it currently competes with other Singaporean banks like Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. [3] Company Overview - Alliance Bank Malaysia's shares have decreased by 6% in Kuala Lumpur this year, contrasting with the city's main benchmark, which is down less than 2% [4] - The market capitalization of Alliance Bank is approximately 7.7 billion ringgit, equivalent to about $1.9 billion [4] Shareholder Information - Vertical Theme Sdn., the largest shareholder of Alliance Bank, is backed by Singapore state investor Temasek Holdings Pte, which holds a 49% stake in Vertical Theme through Duxton Investment & Development Pte [2] - Temasek also owns around 28.3% of DBS Group Holdings Ltd. [2]