Thursday, August 4, 2011

Maybank, RHB Capital climb in early trade

Maybank, RHB Capital climb in early trade

KUALA LUMPUR: Shares of MALAYAN BANKING BHD [] and RHB CAPITAL BHD [] rose on Thursday, Aug 4 after the former's president and chief executive officer Datuk Seri Abdul Wahid Omar said the bank was still keeping its options open, for a possible acquisition, if the price was right.

At 9.50am, Maybank rose three sen to RM8.84 while RHB Capital jumped 11 sen to RM9.22.

Abdul Wahid Omar had said RHB was a very good bank and the combination between Maybank and RHB could create a significant amount of synergy, resulting in a significant holder value creation.


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