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AmBank shares suspended on 1MDB settlement
[Image: Ambank-fmt.jpg]

KUALA LUMPUR: Trading of AMMB Holdings Bhd’s shares were suspended today after the banking group agreed to pay RM2.83 billion to the government as settlement on all outstanding claims and actions in relation to its involvement in the 1Malaysia Development Bhd (1MDB) corruption scandal.

The shares were last traded at RM3.16 on Friday last week.

“The board of directors of AMMB wishes to announce that the company has requested for a suspension of the trading of its securities from 9am to 5pm on Monday, March 1, 2021 and Tuesday, March 2, 2021.

“Bursa Malaysia Securities Bhd has approved the request on Monday,” it said in a filing with Bursa Malaysia today, adding that the request was also made pending an announcement from the group.

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