Will EPF be allowed to vote on merger?

The EPF is a related party in the transaction as it currently owns 14.6%, 41.5% and 64.6% in CIMB, RHB Cap and MBSB, respectively.

PETALING JAYA: The fate of Malaysia’s biggest banking merger plan hinges on 10 individuals who will decide today if the Employees Provident Fund (EPF) is allowed to vote on the mega bank merger deal.

The individuals are members of Bursa Malaysia’s listing committee who will meet to decide on an application for a waiver from a listing rule that prohibits the EPF from voting on the proposed merger involving CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB).