From RHB's view
KEY DEVELOPMENTS IN 2011
Our proposed acquisition of OSK Investment Bank (OSKIB), currently pending approval from Bank Negara Malaysia, marks another significant milestone towards the creation of the largest investment bank and brokerage houses in Malaysia. The proposed acquisition will accord us immediate access to the large retail broking market that will complement the Group’s strong institutional broking position as well as to have access to important strategic markets in the region with long-term growth potential. The RHB Banking Group will also be able to leverage on the OSKIB Group’s human capital to further expand RHB’s talent bandwidth. ( From RHB 2011 Annual Report)
From OSK's view
The most significant corporate development for 2011 was when the Group commenced negotiations with RHB Capital Berhad (RHBC) on a possible merger of the businesses of OSK investment banking group and RHB banking group (Possible Merger) upon receiving Bank Negara Malaysia (BNM) approval on 13 October 2011. Subsequently, on submitted an application to BNM seeking the relevant approvals in relation to the Possible Merger from the Minister of Finance (MOF) (through BNM).
(From OSK FY 2011 Annual Report )
