KUALA LUMPUR: Malayan Banking Bhd
(Maybank) called off merger talks with RHB Capital Bhd due to lack of value-creation.
Chief executive Datuk Seri Abdul Wahid Omar told reporters on the sidelines of the GLC 2011 Open Day yesterday that based on the price of RM10.80 for the 25% stake of RHB Cap, any deal to merge with RHB Cap “would not be value-accretive” to Maybank's shareholders.
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