(Pic from MBSB’s website)

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has been granted the approval by Finance Ministry to acquire 100 per cent stake in Asian Finance Bank Bhd.

In its filing to Bursa Malaysia today, the company said it has received notification from Bank Negara Malaysia vide letter dated August 18 on the approval.

Further details will be announced upon the finalisation and execution of the definitive agreement, it added.