Bursa Alert
Global Market
NewsRHBCap, OSK get SC nod for merger
Page 1 of 1
RHBCap, OSK get SC nod for merger
by hlk Fri 25 May 2012, 19:36
KUALA LUMPUR: RHB Capital Bhd and OSK Holdings Bhd have received approval from Malaysia's Securities Commission (SC) to merge RHB's banking group with OSK's investment bank, according to a filing with Bursa Malaysia.
"Further details on the possible merger will be announced upon the execution of a conditional share purchase agreement between OSK and RHB," OSK said yesterday.
The Finance Ministry gave its approval on April 28.
The merged entity will become the country's biggest domestic stockbroker, overtaking CIMB Group Holdings Bhd. Reuters
"Further details on the possible merger will be announced upon the execution of a conditional share purchase agreement between OSK and RHB," OSK said yesterday.
The Finance Ministry gave its approval on April 28.
The merged entity will become the country's biggest domestic stockbroker, overtaking CIMB Group Holdings Bhd. Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» RHBCap merger still possible
» EPF said to consider RHBCap buyout, merger with MBSB seen
» Proposed RHBCap-OSK merger may take 6 months
» AMMB mum on RHBCap merger talk
» EPF to let RHBCap and MBSB decide on merger plans
» EPF said to consider RHBCap buyout, merger with MBSB seen
» Proposed RHBCap-OSK merger may take 6 months
» AMMB mum on RHBCap merger talk
» EPF to let RHBCap and MBSB decide on merger plans
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum