Monday, October 17, 2011

RHB Capital, OSK up on BNM merger talks nod

KUALA LUMPUR: RHB CAPITAL BHD [] and OSK HOLDINGS BHD [] shares were in focus in early trade on Monday, Oct 17 after both the financial institutions received the central bank's approval for them to start talks for a possible merger.

At 9.10am, RHB Capital rose 14 sen to RM7.62 with 108,900 shares done while OSK added four sen to RM1.81 with 2.81 million shares done.

RHB Capital and OSK had in separate filings last Friday said that Bank Negara Malaysia had approved their applications to commence negotiations for a possible merger of their businesses.

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