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

Permodalan Nasional Bhd ok with Maybank’s pursuit of RHB CapitalAs 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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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...

Permodalan Nasional Bhd ok with Maybank’s pursuit of RHB CapitalAs 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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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