RHB board approves restricted offer for sale

  • Business Premium
  • Friday, 09 Feb 2007

PETALING JAYA: The board of Rashid Hussain Bhd (RHB) yesterday approved a planned restricted offer for sale (ROS) of the company’s RHB Capital Bhd shares to RHB shareholders. 

A source said the move, which is central to a RHB group debt resolution plan hatched by the Employees Provident Fund (EPF), would mean that the RHB board would not entertain the takeover offer from EON Capital Bhd until July. 

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