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RHB Cap, OSK Hldgs apply to BNM to start merger talks

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RHB Cap, OSK Hldgs apply to BNM to start merger talks  Empty RHB Cap, OSK Hldgs apply to BNM to start merger talks

Post by hlk Thu 29 Sep 2011, 20:47

KUALA LIUMPUR: RHB CAPITAL BHD [] and OSK HOLDINGS BHD [] have submitted applications to Bank Negara Malaysia for approval to commence negotiations for a possible merger between the two groups.

In separate filings on Thursday, Sept 29, the companies said they were seeking Bank Negara’s approval in principle to commence negotiations for a possible merger of businesses between the RHB banking group and OSK investment banking group.
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