PETALING JAYA: Even with Bursa Malaysia barring the Employees Provident Fund (EPF) from voting for the mega banking merger involving CIMB Holdings Group Bhd, RHB Capital Bhd and Malaysian Building Society Bhd (MBSB), analysts opine there is still a possibility of securing the required threshold level of 50% plus 1 share to approve the deal, .
The share prices of RHB Cap and MBSB, which rallied 3% and 12.7% a few days prior to its recent highs of RM8.91 and RM2.66 on Oct 13, closed lower yesteday on uncertainties that the proposed merger would not go through. For MBSB, the price was also its year high.
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