Tuesday, June 7, 2011

RHB Capital gets Bank Negara nod for merger talks with CIMB, Maybank

KUALA LUMPUR: RHB CAPITAL BHD [] has received approval from Bank Negara Malaysia to commence talks with CIMB Group Holdings Bhd and MALAYAN BANKING BHD [] for the possible merger its business with either of the latter.

In a statement Tuesday, June 7, RHB Capital said it received the central bank's approval via a letter dated June 6.

'Further announcement on the developments will be made in due course,' it said.

CIMB and Maybank had in separate announcements made almost simultaneously on may 31 said ''they had been given the green light by Bank Negara to enter into talks with RHB Capital.

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