OSK
PETALING JAYA: Shares in OSK Holdings Bhd
surged to a seven-year high, as investors bet the value of the company’s 9.91% stake in RHB Capital Bhd would soar ahead of the merger with CIMB Group Holdings Bhd.
OSK’s share price jumped 14% yesterday to RM2.28 – its highest since June 2007. Shares in CIMB, RHB Cap and Malaysia Building Society Bhd (MBSB) were suspended, pending a possible corporate deal involving the three financial groups.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
