RHB Capital: Seeks Central Bank's OK For Planned Merger With OSK Investment Bank
10 Enero 2012 - 11:35PM
Noticias Dow Jones
RHB Capital Bhd. (1066.KU) said Wednesday it is seeking approval
from the Malaysian central bank for a proposed merger with OSK
Holdings Bhd.'s (5053.KU) investment banking business.
In a separate statement to the stock exchange, OSK Holdings said
it has also applied for approval from Bank Negara Malaysia.
In October, both companies received approval from the central
bank to commence negotiations for a possible merger.
On Wednesday, both the banks said further announcements will be
made in due course.
-By Ankur Relia, Dow Jones Newswires; 603-2026-1233;
ankur.relia@dowjones.com