KUCHING: The scrapping of the proposed merger between CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd to create Malaysia’s largest bank has been greeted with relief by the Sarawak Bank Employees Union (SBEU).
SBEU chief executive Andrew Lo said the union was never convinced that that the merger would create value for all stakeholders or that potential synergies could be realistically delivered.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!