tag:blogger.com,1999:blog-16264003691028288592024-03-05T19:07:47.379+08:00Bursa Malaysia (KLSE) Daily Info Edge ZoneMalaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia ShareUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1626400369102828859.post-27372673736484216402011-06-23T11:40:00.002+08:002011-06-23T11:49:02.395+08:00RHBCap - MayBank And CIMB Drop Takeover Plan<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/-v2X8Iy9qQ4k/TgK2IWLM56I/AAAAAAAAETg/Ws55CuSUrL0/s1600/2011Jun-RHBCAP-800x600.png"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 400px; height: 300px;" src="http://2.bp.blogspot.com/-v2X8Iy9qQ4k/TgK2IWLM56I/AAAAAAAAETg/Ws55CuSUrL0/s400/2011Jun-RHBCAP-800x600.png" alt="" id="BLOGGER_PHOTO_ID_5621255539419572130" border="0" /></a><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />Singapore’s Straits Times reported that MALAYAN BANKING BHD [<span class="load-quotes" id="MAYBANK_span"></span>] and CIMB Group Holdings Bhd have decided to drop separate plans to take over RHB Capital. <p>At 10.25am, RHB Capital fell 45 sen to RM9.15 with 3.6 million shares traded.</p> <p>The Straits Times, citing executives close to the situation said the decision by the two banks came after one of RHB's shareholders, Abu Dhabi Commercial Bank , signed the sale agreement of its 25 percent stake in RHB with Abu Dhabi-based investment fund Aabar Investments for 10.80 ringgit ($3.56) per share.</p> <p>The sources said the stake sale by Abu Dhabi Commercial Bank has complicated the proposed takeover, according to the paper.</p> <p>"Pricing wise, the takeover doesn't make much sense now. There is going to be a cooling down and the two banks may revisit the prospect of a merger with RHB at some other time," it quoted a senior financial executive as saying.</p>Unknownnoreply@blogger.com0