|Description||PROPOSED MERGER OF THE BUSINESSES AND UNDERTAKINGS OF MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”), CIMB GROUP HOLDINGS BERHAD (“CIMB GROUP”) AND RHB CAPITAL BERHAD (“RHB CAPITAL”), AND THE CREATION OF AN ENLARGED ISLAMIC BANKING FRANCHISE (“PROPOSED MERGER”)|
We refer to the earlier announcements in relation to the Proposed Merger (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.
On behalf of MBSB, AmInvestment Bank Berhad wishes to announce that MBSB has been informed by CIMB Group that CIMB Group has decided to abort the Proposed Merger. Accordingly, the Board has decided to cease all discussions on the Proposed Merger.
CIMB Group has also informed that CIMB Group and RHB Capital’s joint application to Bank Negara Malaysia for the approval of the Proposed Merger has been withdrawn. With that, the exclusivity period pursuant to the exclusivity agreement between CIMB Group, RHB Capital and MBSB dated 10 July 2014 expires with immediate effect.
Attached is the press release in relation to the above.
This announcement is dated 14 January 2015.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||14 Jan 2015|