KUALA LUMPUR: Shares of RHB CAPITAL BHD [] surged in early trade on Wednesday, June 1 as MALAYAN BANKING BHD [] (Maybank) and CIMB Group Holdings Bhd compete to acquire the bank.
In separate announcements made almost simultaneously yesterday, both banks said they have been given the green light by Bank Negara Malaysia (BNM) to enter into talks with RHBCap.
At 9.10am, RHB Capital was up 94 sen to RM10.16 with 610,400 shares traded.
CIMB was actively traded and added one sen to RM8.38 with 1.26 million shares done.
Meanwhile, Maybank was up three sent to RM8.94.
In separate announcements made almost simultaneously yesterday, both banks said they have been given the green light by Bank Negara Malaysia (BNM) to enter into talks with RHBCap.
At 9.10am, RHB Capital was up 94 sen to RM10.16 with 610,400 shares traded.
CIMB was actively traded and added one sen to RM8.38 with 1.26 million shares done.
Meanwhile, Maybank was up three sent to RM8.94.
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