OSK and RHB bank in merger deal
OSK Holdings Berhad and RHB Capital Berhad have announced the signing of a conditional share purchase agreement to merge their investment banking operations, creating the largest investment bank by assets in Malaysia, an official press release said.
OSKH will also sell its 100 per cent interest in OSK Investment Bank Limited as well as the remaining 20 per cent interest in OSK Trustees Berhad and 20 per cent interest in Malaysian Trustees Berhad not currently owned by OSKIB, to RHBC for a combined cash consideration of $8.38 million.
phnom penh post
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