RHB Capital Bhd (RHBCap) and OSK Holdings Bhd have received the approval from the Ministry of Finance (MoF) for the proposed merger of the businesses of RHB Banking group and OSK Investment Bank Group.
In separate filings to Bursa Malaysia today, RHBCap and OSK said they received the notifications from Bank Negara Malaysia on the approval granted by the ministry.
"The terms and conditions of the proposed merger will be announced subject to the execution of the conditional share purchase agreement for the proposed merger," they said. -- BERNAMA
