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Malaysia: RHB, AmBank to begin merger talks

 |  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.

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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