KUALA LUMPUR: Bank Negara Malaysia has not allowed the Employees Provident Fund Board to hold more than 45% of the paid-up share capital of RHB CAPITAL BHD [].
RHB Investment Bank Bhd and CIMB Investment Bank Bhd said on Thursday, March 3 that BNM's decision that it was not able to consider the EPF's application was contained in a letter dated Feb 25.
'Accordingly, EPF's irrevocable undertaking to subscribe under the rights issue shall be for a minimum of 45% of the total rights shares,' the investment banks said in the statement.
RHB Capital had proposed to acquire 80% of PT Bank Mestika Dharman for RM1.16 billion and also a proposed put and call option for 9% of Bank Mestika.
RHB Capital also proposed a renounceable rights issue of new shares of RM1 each in RHB Capital to raise about RM1.3 billion.
RHB Investment Bank Bhd and CIMB Investment Bank Bhd said on Thursday, March 3 that BNM's decision that it was not able to consider the EPF's application was contained in a letter dated Feb 25.
'Accordingly, EPF's irrevocable undertaking to subscribe under the rights issue shall be for a minimum of 45% of the total rights shares,' the investment banks said in the statement.
RHB Capital had proposed to acquire 80% of PT Bank Mestika Dharman for RM1.16 billion and also a proposed put and call option for 9% of Bank Mestika.
RHB Capital also proposed a renounceable rights issue of new shares of RM1 each in RHB Capital to raise about RM1.3 billion.
No comments:
Post a Comment