Ambank's share price plummets after RM2.83b settlement over 1MDB scandal
This article is 4 years old
Editor's note: An earlier copy of this article reported that the
RM2.83 billion was a fine, instead of a settlement. This has been
corrected.
The share price of AMMB Holdings Bhd (Ambank), which paid an RM2.83 billion settlement to the government for its role in the 1MDB scandal, plunged by as much as 16.1 percent after the market opened today.
The Finance Ministry announced the settlement last Friday, after markets closed.
Ambank had also requested a two-day trading suspension of its shares on Monday and Tuesday...
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