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Maybank says merger plan with RHB Cap is off
by hlk Thu 23 Jun 2011, 19:07
KUALA LUMPUR: MALAYAN BANKING BHD [] said the possible merger of its business with RHB CAPITAL BHD [] has been called off.
“In light of recent developments and following further deliberations, the board of directors of Maybank has decided not to pursue the possible merger at this juncture,” Maybank said on Thursday, June 23.
RHB Cap share price fell 57 sen to close at RM9.03 while Maybank shed two sen to RM8.82.
“In light of recent developments and following further deliberations, the board of directors of Maybank has decided not to pursue the possible merger at this juncture,” Maybank said on Thursday, June 23.
RHB Cap share price fell 57 sen to close at RM9.03 while Maybank shed two sen to RM8.82.
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