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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

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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