Maybank keeping options open on RHB purchase-report

Malaysia’s largest lender Maybank is keeping its options open to a possible acquisition of smaller rival RHB Capital if the price is right, its chief executive officer told Financial Times in a video interview.

“We’re always open,” Maybank’s Wahid Omar told Patrick Jenkins, editor of the newspaper’s View from the Top. “For now, on our part, we have decided to stand down and not to proceed at this juncture.”

Maybank called off acquisition talks with RHB Capital just weeks after announcing its intention to hold merger talks with the smaller rival.

http://www.reuters.com/article/2011/08/03/maybank-rhb-idUSK7E7ID02D20110803

 

Category: Malaysia