MB Plans for Sustained Growth with
the entry of LINQ
Malayan Bank will start the year 2008 with a robust
paid-up capital. Adding to its roster of distinguished shareholders is
LINQ Information Entertainment Quadrant Corp. LINQ is a private equity
group focusing on strategic investments and strategic alliances in the
New Media . Digital Media, and Emerging Media space in the Asia-Pacific
region. Its proponents include the principal shareholders of the Inquirer
Group and the Print Town Group. The additional
paid-up capital would be used to set the bank on a strong growth trajectory
anchored on its core businesses of mortgage, corporate, and consumer loans.
For the year 2007, Malayan Bank’s net income reportedly surged to triple
that of its earnings two years ago. Proceeds from the capital investment
will be leveraged to spur the growth of the bank’s profitable mortgage
banking business.Aside from private equity group of the principal shareholders
of the country’s biggest and most influential broadsheet, the other media-related
stakeholders of the bank include the primary shareholders of the
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leading
and top-rated television and radio broadcast network, GMA Network. Major
shareholders of the Majalco Group and Liberty Flour Mills also have significant
equity stakes in the bank. The Majalco Group has been a major investor
in other financial services businesses such as Unicapital, Inc., Unicapital
Securities, CCC Insurance, ACME Jewelry, and Insular Rural Bank, and it
has considerable investments as well in real estate and property development
in the country. |
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