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Malaysia: RHB, AmBank to begin merger talks

By  |  May 31, 2017

Malaysia’s RHB Bank and AMMB, the country’s fourth- and sixth-largest lenders by assets, respectively, are considering a merger that will create Malaysia’s third-largest banking group, according to people close to the deal.

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    Both banks said Wednesday evening that their shares will be suspended from trading on Malaysia’s stock exchange Thursday morning, pending the release of a “material announcement.”

    RHB and AMMB are planning to announce that they have obtained the green light to start merger talks from Malaysian banking authorities, Reuters said.

    Full Content: Reuters

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