KUALA LUMPUR: AMMB HOLDINGS BHD [] is planning capital expenditure of RM500 million for its financial years stretching from FY2012 to FY2015.
AMMB deputy group MD and CFO Ashok Ramamurthy said on Tuesday, April 12 that bulk of the capex would be for the replacement of its core banking platform.
On plans by its major shareholder Australia & New Zealand Banking Group to raise its stake in AMMB, he said ANZ currently held 23% it had the option to increase it to 26.2%.
He was speaking at the two-day Invest Malaysia conference.
AMMB deputy group MD and CFO Ashok Ramamurthy said on Tuesday, April 12 that bulk of the capex would be for the replacement of its core banking platform.
On plans by its major shareholder Australia & New Zealand Banking Group to raise its stake in AMMB, he said ANZ currently held 23% it had the option to increase it to 26.2%.
He was speaking at the two-day Invest Malaysia conference.
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