Reuters logo
2 months ago
BRIEF-AMMB Holdings receives cenbank approval for to commence merger negotiations with RHB Bank
June 1, 2017 / 8:45 AM / 2 months ago

BRIEF-AMMB Holdings receives cenbank approval for to commence merger negotiations with RHB Bank

1 Min Read

June 1 (Reuters) - AMMB Holdings Bhd:

* Receives approval from Bank Negara Malaysia for AMMB to commence negotiations with RHB Bank Berhad for a possible merger of their businesses‍​

* Transaction will effectively be an all shares merger‍​

* Both parties have entered into exclusivity agreement to negotiate and finalise terms of proposed merger

* The exclusivity agreement will expire on 30 august 2017

* RHB Bank and AMMB Shares will resume trading on Bursa Malaysia on 2 June 2017 Source text: [bit.ly/2qDPGns] Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below