MBSB says no merger talks

  • Business
  • Tuesday, 22 Sep 2015

KUALA LUMPUR: Non-bank lender MALAYSIA BUILDING SOCIETY BHD (MBSB) has not initiated any new merger discussions with any organisation after the deal with CIMB GROUP HOLDINGS BHD and RHB Capital Bhd fell through.

President and chief executive officer Datuk Ahmad Zaini Othman reaffirmed that MBSB has not receive the green light from its shareholders to talk to any financial institution on a potential merger and acquisition.

“As far as corporate exercise (is concern), it can come anytime as and when the shareholders feel there is a necessity to embark on it,” he said. – Bernama’

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Business , MBSB , CIMB , merger


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