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Ambank shares fall on news of its RM54m penalty

Published Tue, Nov 24, 2015 · 09:50 PM

Kuala Lumpur

SHARES of AMMB Holdings Bhd (Ambank group) slid by 0.7 per cent to RM4.56 on Tuesday after it revealed that it had agreed to pay Malaysia's central bank nearly RM54 million (S$18 million) in penalty for unspecified breaches of the law.

Given the paucity of details in its filing to the stock exchange on Monday, many have linked the fine to …

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