CIMB, Maybank to drop RHB buy, for a while

KUALA LUMPUR, June 23 — Malayan Banking Bhd (Maybank) and CIMB Holdings Bhd have decided to abandon their separate plans to take over RHB Capital due to the higher price for a block of the bank’s shares sold recently, but both could revisit a purchase in the future. The Straits Times reported today that an announcement was expected as early as ...

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Source: The Malaysian Insider

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