The diminishing Aabar factor

By RISEN JAYASEELAN and YVONNE TAN

The central bank has ordered a cap on the voting rights of Aabar Investments PJS in RHB Cap to 15.

TWO days ago, a filing to the stock exchange by RHB Capital Bhd (RHB Cap) took the market by surprise. It said that the central bank had ordered a cap on the voting rights of Aabar Investments PJS in RHB Cap to 15%.

It was also revealed that RHB Cap is prohibited from issuing more than 15% of new shares to Aabar, which currently has a 21.09% stake in RHB Cap.

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Business , aabar , rhbcap , bnm

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