Permodalan Nasional Bhd ok with Maybank’s pursuit of RHB Capital

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As Maybank negotiates a potential takeover of RHB Capital, one of its major shareholders, Permodalan Nasional Bhd, voices its support.  PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman stated that he knew Maybank would have its shareholders’ best interests at heart, and would make a decision that would financially benefit them all.  PNB is a main shareholder of Maybank, with over 400 million shares.

Maybank will have to contend with CIMB Group for RHB, as they have both received permission from regulators at Malaysia’s Central Bank to begin negotiations for the takeover.  CIMB and Maybank are the two largest banks in Malaysia, with Maybank edging CIMB for highest portfolio value.

 

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Reading Time: 1 minute

As Maybank negotiates a potential takeover of RHB Capital, one of its major shareholders, Permodalan Nasional Bhd, voices its support.  PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman stated that he knew Maybank would have its shareholders’ best interests at heart, and would make a decision that would financially benefit them all.  PNB is a main shareholder of Maybank, with over 400 million shares.

Reading Time: 1 minute

As Maybank negotiates a potential takeover of RHB Capital, one of its major shareholders, Permodalan Nasional Bhd, voices its support.  PNB President and Group Chief Executive Tan Sri Hamad Kama Piah Che Othman stated that he knew Maybank would have its shareholders’ best interests at heart, and would make a decision that would financially benefit them all.  PNB is a main shareholder of Maybank, with over 400 million shares.

Maybank will have to contend with CIMB Group for RHB, as they have both received permission from regulators at Malaysia’s Central Bank to begin negotiations for the takeover.  CIMB and Maybank are the two largest banks in Malaysia, with Maybank edging CIMB for highest portfolio value.

 

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