Gunung Capital Bhd said today it has been invited by promoters of a yet-to-be-issued, fully fledged commercial banking licence in Cambodia to evaluate a proposal to participate.
“At this stage of evaluation and discussions, the company cannot confirm the quantum of the investment value involved,” it said in a filing with Bursa Malaysia today.
Gunung Capital was commenting on a May 4 report by The Edge Malaysia that stated the company was planning to acquire a more than 20% equity stake in a financial institution in Cambodia, with total investment value estimated at over US$25 million.
