DBS Group’s bid to acquire a stake in Alliance Bank Malaysia faces delays due to regulatory approval issues. Both DBS and Vertical Theme, the major shareholder of Alliance Bank, submitted requests to Malaysia’s central bank eight months ago with no response yet. The deal would expand DBS’s presence in Malaysia’s banking sector. If approval is not granted for up to 49% ownership, the deal might not proceed. Discussions are ongoing, with no final decisions made. Bank Negara Malaysia refrains from commenting on individual applications or share acquisitions.

Read more at Yahoo Finance: DBS Group’s acquisition plans for Alliance Bank Malaysia face delays