PETALING JAYA, Aug 13 – The planned merger between CIMB, RHB Capital and Malaysia Building Society Bhd (MBSB) is still at the stage of management discussion and looking optimistic.
CIMB Group Chief Executive said Datuk Seri Nazir Tun Razak said the merger proposal had been well received by the management team as it can enhance value for all concerned.
“Everything is still at an early stage. Shareholders should wait for details before taking any position,” he added. He told reporters this at the opening of the CIMB branch at the new-look Jaya Shopping Centre here today.
On the leadership of the new entity, Nazir said it would be decided by the new relevant shareholders following any merger.
Meanwhile, the new CIMB branch is located at Jaya Shopping Centre, which is a developent by CIMB-Mapletree. Nazir said it had 80,000 clients from three old branches, with a billion ringgit in business transactions.
– BERNAMA
