KUALA LUMPUR: Shares of RHB CAPITAL BHD [] were slightly lower in afternoon trade on Tuesday, June 7 after it obtained Bank Negara Malaysia's (BNM) approval to commence talks with Malayalan Banking Bhd and CIMB Group Bhd.
At 2.49pm, RHB Cap was down three sen to RM9.90 with 1.56 million shares done. It was off its early low of RM8.85.
Maybank inched up one sen to RM8.75, off the intra-day low of RM8.68. There were 3.77 million shares transacted.
CIMB rose two sen to RM8.32, off the morning low of RM8.25. There were 4.36 million units done.
RHB Cap said it received approval from the central bank to start talks with the two banking groups for the possible merger its business with either of them.
CIMB and Maybank had in separate announcements made almost simultaneously on May 31 said ''they had been given the green light by BNM to enter into talks with RHB Capital.
At 2.49pm, RHB Cap was down three sen to RM9.90 with 1.56 million shares done. It was off its early low of RM8.85.
Maybank inched up one sen to RM8.75, off the intra-day low of RM8.68. There were 3.77 million shares transacted.
CIMB rose two sen to RM8.32, off the morning low of RM8.25. There were 4.36 million units done.
RHB Cap said it received approval from the central bank to start talks with the two banking groups for the possible merger its business with either of them.
CIMB and Maybank had in separate announcements made almost simultaneously on May 31 said ''they had been given the green light by BNM to enter into talks with RHB Capital.
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