Malaysia's RHB buys Indonesia's Bank Mestika

Malaysia's RHB Capital agrees to pay $329 million for 80% of Bank Mestika in Indonesia and will fund the deal through a rights issue.

Malaysia's RHB Capital will buy 80% of Indonesia's Bank Mestika Dharma for Rp3.118 trillion $329 million. RHB will fund the deal through a M$1.3 billion $384 million rights issue.

RHB Capital is paying 3.5 times Bank Mestika's book value of Rp1.114 trillion as per December 31, 2008, and 23 times the Indonesian bank's earnings for calendar 2008.

RHB Capital is the holding company of RHB banking group, the fourth-largest financial services provider in Malaysia. RHB Bank is the largest...

To continue reading, please login or register for free

Click for more on: rhb | rhb capital | bank mestika | finance | asia | rights issue

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...