Alliance Bank Malaysia Bhd said its wholly-owned subsidiary Alliance Investment Bank Bhd (AIBB) has received a vesting order for it to transfer its stockbroking business to Phillip Capital Sdn Bhd.

AIBB received the order from the High Court to transfer the business to Phillip Capital (formerly known as Phillip Futures Sdn Bhd) with effect from July 30, the group said in a statement on Friday (July 1).

AIBB and Phillip Capital had signed an agreement in December 2021 for the sale of the former’s stockbroking business to the latter.

-theedgemalaysia

You stoopid? If you have your own refurbishment company or team, of course you will use your own. Is common sense.

Even if they use an external refurbishment company, does that guarantee there's no extra fishy transaction going on?

Haters gonna hate.

You don't think they use own company because this will save cost eh? Guna company sendiri 100% sebab nak makan duit?

I'm staying at 0.61 floor. Management do something la. Take salary and goyang kaki saja.