Bursa bars EPF from voting in CIMB, RHB Cap, MBSB merger (Update)

KUALA LUMPUR: Bursa Malaysia Securities has barred the Employees Provident Fund (EPF) from voting in the three-way merger of CIMB Group Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB).

RHB Capital said on Tuesday that Bursa Securities had “rejected the application” for a waiver from complying with the related party transaction requirements under the Main Market Listing Requirements.